Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Monday, August 11, 2014

Steve Liesman's Worst Nightmare: Consumer Credit Growth Tumbles, Misses By Most In 8 Months

Growth in Consumer Credit dropped for the 2nd month in a row (at $17.25bn) missing expectations by the most since November 2013. The March/April credit impulse has now completely faded. Given that "debt is the great bridge between working hard and playing hard in this country," it would seem this news will disappoint Steve Liesman. Revolving credit dropped to its lowest since February as spend-what-you-don't-have appears to be fading also.
More

No comments: