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by stockboardasset While President Trump pedals the notion that the economy is the “greatest economy in HISTORY,” WalletHub noticed a considerable amount of Americans repaid $40.3 billion in credit card debt … Read more
The data suggests that the peak is in for consumer confidence. So where do we go from here? Consumer confidence is currently at levels not seen since the Dot Com … Read more
Americans increased their borrowing in April at the slowest pace in seven months, dragged by a big slowdown in the category that covers auto and student loans. Consumer debt rose … Read more
Dimon adds. “If you look at how the table’s set, consumers are in very good shape AC
This agency didn’t exist until Obama. via seattletimes: The board had played an influential role in advising the Consumer Financial Protection Bureau’s leadership. But members held a news conference to criticize … Read more
via Max Keiser In the US, some 26 percent of people’s annual income goes to servicing non-mortgage debts. That’s up from 22 percent from 2010 and higher than during the mid-2000s. … Read more
by cbus20122 So a little while back, I created a post discussing aggregate consumer debt, and how it might be something we should be worried about. There were some good discussions … Read more
by MGoAzul Just received the below email from Divy saying they are shutting down their consumer-facing fractional share brokerage and focusing on the commercial business. Cool idea, shame it’s closing … Read more
From Birch Gold Group After a debt-fueled recession, you would think individuals would be more cautious and conservative with their use of debt. But apparently, that’s not the case in the … Read more
In the first quarter of 2018, Americans owed $3.824 trillion, up 5.1 percent from the same time period last year. Post-crisis rise in U.S. stock buybacks came with an almost … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Been reading misleading headlines about low inflation again? That is was “softer than expected” or whatever? So here are the numbers: The Consumer Price Index (CPI) for … Read more
by cbus20122 See FRED Revolving Credit Data Here As some probably know by now, I’ve been following along closely to a lot of consumer credit data in the USA and … Read more
via UPFINA: The economy is seeing a modest pickup in inflation even as GDP growth slowed to 2.3% in Q1 of 2018. That puts the Fed in a difficult position … Read more
by: David Williams (Natural News) Consumer DNA testing became a mainstream thing a few years ago, and many people have done it ever since. Essentially, it lets people conduct do-it-yourself … Read more
Credit Card debt of Americans has hit a fresh high of $1,030.9bn Even higher than before Great Financial Crisis in 2008 Good morning from the US where the outstanding Credit … Read more
via Steven Hansen Summary There are contrary indicators for growth of consumer credit. Current levels of consumer debt are at historical highs, whilst consumer debt payments are historically low (but are … Read more