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Consumer Debt

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Why the Fed's Consumer Credit Report is Rotten to the Core
If you really want to know what's going on with the economy, you should take a look at the Fed's Consumer Credit Report that was released on Thursday. Yes, it's a real snoozer, but it does reveal the truth behind all the "recovery" hype. So, let's cut to the chase: When unemployment is high and... Read More
Sitting on Top of $1.9 Trillion
Two and a half years have passed since Lehman Brothers collapsed and US consumers are still digging out. Last Thursday, the Fed released its "flow of funds" report which showed that households had trimmed their debt to $13.3 trillion in the forth quarter (4Q). But the crucial debt-to-income ratio remains significantly above trend at 120.9%.... Read More
No Light in the Tunnel
On Monday, the Federal Reserve released its Consumer Credit Report which showed that consumer credit increased at an annual rate of 2.5% in January. That might sound like good news, but there's more here than meets the eye. Non-revolving credit increased at a rate of 7% per anum, while revolving credit decreased at an annual... Read More
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