thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street |
3,906 Comments »
Tags: consumer credit, Credit, debt, Revolving Credit
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, National News, Wall Street, World News |
7 Comments »
Tags: Borrowing, consumer credit, consumer debt, Releveraging
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, National News, Personal Net Worth, Wall Street |
44 Comments »
Tags: consumer credit, Credit, New Loans, Student Loans
thestatedtruth.com | 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. www.zerohedge.com
Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Pensions and Retirement, Personal Net Worth, Wall Street |
48 Comments »
Tags: consumer credit, Government Borrowing, Hitting A Wall
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Wall Street |
462 Comments »
Tags: consumer credit, Crdit Contraction
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Education and Schooling, Finance, National News, Wall Street |
1,550 Comments »
Tags: consumer credit
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Wall Street |
28 Comments »
Tags: consumer credit, Non-revolving consumer credit
thestatedtruth.com | 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, […]
Category: Commentary, Economy, Finance, National News, Wall Street |
49 Comments »
Tags: consumer borrowing, consumer credit
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, National News, Wall Street |
No Comments »
Tags: consumer credit, Revolving Credit
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Wall Street |
No Comments »
Tags: consumer borrowing, consumer credit, Economy