Total Consumer Credit Owned and Securitized, Outstanding
University of Michigan consumer confidence index at 97.1 in July shows a modest slowdown, but still highly positive.
Most interesting is the drop in households’ long-term inflation expectations. Who would have guessed?
US 🇺🇸
University of Michigan consumer confidence index at 97.1 in July shows a modest slowdown, but still highly positive.
Most interesting is the drop in households' long-term inflation expectations. Who would have guessed?
— Daniel Lacalle (@dlacalle_IA) July 15, 2018
16% APR Be Damned: As Goes Consumer Debt Spending, so Goes Retail Sales
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