In other news, household consumer debt increased by the most since just before the great recession in 2019.
Total household debt balances rose by $601 billion last year, topping $14 trillion for the first time, according to a new report by the [New York Federal Reserve]. The last time the growth was that large was 2007, when household debt rose by just over $1 trillion.
Meanwhile, Johnson administration officials said this morning that Britain's banking sector will completely break away from EU rules after the Brexit transition period. European officials responded by saying they must align with EU rules to enjoy free access to European financial market. So here we are.
Finally, Boeing received literally zero orders for new plans during the month of January.
Boeing Co. said it booked no new jetliner orders in January, increasing the financial strain that has been building during the 737 Max crisis as airlines added no new deposits to secure a place in the plane maker’s order backlog.
Boeing BA delivered 13 planes last month, including six 787 Dreamliners, two 777s and military versions of its commercial jets. Boeing said no customers canceled orders, leaving its backlog for future production at 5,393 jets.
When do lawmakers start talking about a Boeing bailout? Early spring?