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consumer debt

Recent Concerning Consumer Credit Trends Carry On Into April

By |2018-06-07T18:04:38-04:00June 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US consumers continue to recover from their debt splurge at the end of last year. Combined with still weaker income growth, the Federal Reserve estimates that aggregate revolving credit balances grew only marginally for the fourth straight month in April 2018. To put it in perspective, the total for revolving credit (seasonally adjusted) is up a mere $2.2 billion for [...]

There Was A Lot of Borrowing

By |2016-03-07T17:48:15-05:00March 7th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Revolving consumer credit turned upward in March last year, which signaled to economists that the true end of the Great Recession was at hand. The largest impediment to the monetary version of the recovery was the “debt hangover” from the mortgage surge during the housing mania. Consumers, rightfully cautious after that disastrous experience, spent the early years of the “recovery” [...]

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