Discover and read the best of Twitter Threads about #CoronaVirusIndicators
Most recents (4)
👋New work with @johngathergood evaluating recent UK local lockdowns using new real-time spending data
Paper: arxiv.org/abs/2010.04129
@EconObservatory blog: coronavirusandtheeconomy.com/question/how-c…
Thread ⬇️ 1/11
#householdfinance #coronavirusindicators #econtwitter
Paper: arxiv.org/abs/2010.04129
@EconObservatory blog: coronavirusandtheeconomy.com/question/how-c…
Thread ⬇️ 1/11
#householdfinance #coronavirusindicators #econtwitter
We use @fable_data - a new source of European real-time, transaction-level consumption data. We find a 0.91 correlation with comprehensive (aggregated) bank of england credit card data. Its real-time, disaggregated format facilitates studying regional consumption... 2/11
We use this to inform the big policy question: How can authorities control coronavirus without killing the economy?
3/11
3/11
Fantastic, careful @bankofengland analysis in monetary policy + financial stability reports. I know how much hard graft goes into these in normal times. Well done all!👏👏👏
Well worth a read (links at end) - much not UK specific... 1/n
#HouseholdFinance #CoronaVirusIndicators
Well worth a read (links at end) - much not UK specific... 1/n
#HouseholdFinance #CoronaVirusIndicators
Reports acknowledge huge uncertainty in macro forecasts. Main scenario sees massive drop but relatively sharp recovery - let's hope they are right... 2/n
Huge uncertainty among other forecasters too... 3/n
This week's @Equifax @EquifaxInsights weekly 🇺🇸household debt update is now out. 📉🙏
🚨THEY'VE ADDED DATA ON ORIGINATIONS INCLUDING SPLITS BY CREDIT RISK AND WE ARE SEEING IMPORTANT STUFF!🚨
Here's my take.
1/8
#HouseholdFinance #CoronaVirusIndicators
🚨THEY'VE ADDED DATA ON ORIGINATIONS INCLUDING SPLITS BY CREDIT RISK AND WE ARE SEEING IMPORTANT STUFF!🚨
Here's my take.
1/8
#HouseholdFinance #CoronaVirusIndicators
OUTSTANDING DEBT (to April 20) remains unchanged
Tl; dr my summary from last week still seems the story across products on outstanding stock.
2/8
Tl; dr my summary from last week still seems the story across products on outstanding stock.
2/8
OUTSTANDING CREDIT CARD debt + utilization are still falling sharply 3/n
What's the early effects of Covid-19 on US household debt (to Monday 13 April)? Thanks to great work @Equifax @EquifaxInsights we're starting to know. Here's my summary... 1/8
#HouseholdFinance #CoronaVirusIndicators
#HouseholdFinance #CoronaVirusIndicators
The boom in household debt since 2013 is done. Outstanding debt flattened off in aggregate and across mortgages + autos.
This is the stock so a slow-moving variable. Seeing flow of new accounts would be a more leading indicator. 2/8
This is the stock so a slow-moving variable. Seeing flow of new accounts would be a more leading indicator. 2/8
We are starting to see quite a sharp decline in credit card debt (both general purpose + retailer cards).
Given what we've seen in other data this is likely due to lower purchases. 3/8
Given what we've seen in other data this is likely due to lower purchases. 3/8
