LIBOR seems well under control of you like hockey sticks.
Dry Baltic Index v. SPX500 pic.twitter.com/hBL9AVjV0g
— Alastair Williamson (@StockBoardAsset) March 21, 2018
Fed strikes solid rate, sees economy now rising at a "moderate rate" ….. LOL—> pic.twitter.com/1Z9CX6Cx6i
— Alastair Williamson (@StockBoardAsset) March 21, 2018
.@ecb please buy more $HYG pic.twitter.com/xP077BlpxY
— Alastair Williamson (@StockBoardAsset) March 21, 2018
TED SPREAD BLOWOUT pic.twitter.com/EKSIXbhqxc
— Alastair Williamson (@StockBoardAsset) March 21, 2018
Williams %R is a momentum indicator and it could be signaling danger. Don't look at this chart… $SPX $VIX pic.twitter.com/tvM2XGhOId
— Alastair Williamson (@StockBoardAsset) March 21, 2018
Buckle Up, Turbulence Ahead t.co/kUkLjHSeU0
— Alastair Williamson (@StockBoardAsset) March 21, 2018
For consumers with credit card debt, Fed rate hike will sting
A mere quarter percentage point rate increase by the Federal Reserve might seem small and gradual, but for millions of consumers with credit card debt it will be stinging.
In a report this week, WalletHub analyzed data and found that U.S. consumers have been piling on credit card debt at an alarming pace, adding $92 billion in new debt last year alone—twice the postrecession average.
Lenders so far seem only too happy to extend credit, thanks to low levels of defaults and charge-offs, but the day of reckoning is coming, warns WalletHub.
“Only four times in the past 30 years have we spent so much in a year. And in each of those prior cases, the charge-off rate—currently hovering near historic lows—rose the following year,” said WalletHub.