Consumer Credit Soars By Third Highest Ever

| February 7, 2012

So…the consumer confidence level is soaring right along with the consumer debt, and the savings rate is plunging.  Now we understand why the Federal reserve has been so worried lately.  The worry is that this consumer spending binge is totally unsustainable and likely to burn out soon! A report from the Labor Department today also showed there […]

Consumer Credit Jumps By Most In 10 Years

| January 9, 2012

Yep, everybody and their brother are out buying things…the mystery is, that the consumer is re-leveraging while most of their assets are deflating fast.  This will be double trouble.  PIMCO, Bridgewater and Soros have recently been warning about this. Heads up…the just released G.19, aka Consumer Credit  data from the Fed shows a stunning November in which U.S. households borrowed […]

Consumer Credit For September Is Out…No Surprises, Just The Same Old Nonsense!

| November 7, 2011

The entire consumer credit growth is from auto loans and student loans, while revolving credit dropped…Student loans have been a growth business, but at what expense? A whole student generation is hopelessly buried.  Truly buried like no other generation ever! So… just where did this consumer credit in 2011 come from?  Well, of the $32 billion in credit […]

What Is Interesting About This Chart?

| October 7, 2011

The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor.

Consumer Credit “Unexpectedly” Fell Hard In August

| October 7, 2011

So, the consumer is still tapped out….duh.  The government is the only one that doesn’t see this. The consumer credit number was dreadfully bad. It printed -$9.5bn against an expectation of +$8bn and vs  prior year of $12bn. And…We just saw the first drop in non-revolving credit in a year. This is credit that goes […]

U.S. Consumer Credit Shows A Surprise Jump To The Upside

| August 5, 2011

The background indicates that this isn’t good news….here’s why.  Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently.  The most interesting aspect […]

U.S. Consumer Credit Rises 3.8% Annualized In February

| April 7, 2011

Here is the secret sauce…..revolving credit, or credit cards, actually fell during this period, down 4%.  But non- revolving credit, which includes student, auto, and other loans, increased by 7.7%. Interesting to note that January’s numbers were revised down which had the effect of making these February numbers look even better.   U.S. consumer credit surged […]

Consumer Credit Rises $6.09 Billion In December, First Increase Since August 2008

| February 7, 2011

We’ll see how long this lasts, best guess is it’s a short lived event…..why do we say that?  Well, just look around you, what do you see….states, counties and cities getting ready for large budget cuts and layoffs, and taxes will have to go up. We have not solved any of the problems that caused the 2008-2009 economic crisis, […]

Total Consumer Credit Shows A Small Increase, Revolving Credit Posts 27’th Consecutive Monthly Decline

| January 7, 2011

Total consumer credit increased modestly in line with expectations for November while revolving credit decreased by $4.2 billion, and non-revolving credit showed an increase of $1.3 but was down from a higher number of $5.7 billion in October.  And…..Lending by the federal government for student loans continued to climb, benefiting from a law passed by Congress that makes the government […]

U.S. Consumer Credit Increased $2.1 Billion In September

| November 5, 2010

Interestingly…..Credit-card debt declined for the 25th straight month, while non-revolving loans rose by the most since August 2007. Consumer borrowing in the U.S. unexpectedly increased in September by the most in two years, and saw a surge in non-revolving credit such as college loans and auto financing. Credit rose $2.1 billion and was more then estimated after […]

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