Chart of the week: U.S. consumer debt grew the most in six months in May as total credit outstanding climbed $24.6 billion to $3.898 trillion

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?



16% APR Be Damned: As Goes Consumer Debt Spending, so Goes Retail Sales