Consumer Credit Archive

Consumer borrowing rose $19.3 billion in December

With the federal deficit coming down it takes more consumer and business borrowing to keep GDP (modestly) growing. And note that student loans are reportedly responsible for half the gain. Looks to me like it’s going to take a lot more consumer debt growth just to start lowering the output gap. The ...Read More

Consumer Borrowing Rises $5.1 billion

Down a bit from April, but the larger question is whether higher gasoline prices led to more borrowing to buy what previously was bought from income. Yes, savings is growing, but that is mainly in the form of reduced and unwanted private sector debt, and not dollars in savings accounts. Consumer Borrowing ...Read More

Record drop in consumer installment debt

[Skip to the end] Yes, consumer installment debt tends to fall with rising federal deficits. The income and savings added by the higher deficits helps sustain consumption without as much consumer debt as would otherwise be necessary. [top] ...Read More

Re: Consumer credit up

[Skip to the end] (email exchange) >    >   On Mon, Mar 9, 2009, Mauer wrote: >    >   And then there’s this, which nobody focused on last week, fixating instead on the employment >   numbers. >    Yes, another indicator moving sideways rather than down. [top] ...Read More

2009-02-06 USER

[Skip to the end] Change in Nonfarm Payrolls (Released 8:30 EST) Change in Nonfarm Payrolls YoY (Released 8:30 EST) Nonfarm Payrolls ALLX (Released 8:30 EST) Unemployment Rate (Released 8:30 EST) Unemployment Rate ALLX 1 (Released 8:30 EST) Unemployment Rate ALLX 2 (Released 8:30 EST) Change in Manufacturing Payrolls (Released 8:30 EST) Change ...Read More

Consumer Credit

[Skip to the end] The consumer is petrified by our leadership. Time for a payroll tax holiday! U.S. Consumer Credit Dropped by the Most on Record (Update1) By Vincent Del Giudice Oct. 7 (Bloomberg) — Borrowing by U.S. consumers unexpectedly fell in August by the most on record as banks shut off ...Read More

2008-10-07 USER

[Skip to the end] ICSC UBS Store Sales YoY (Released 7:45 EST) ICSC UBS Store Sales WoW (Released 7:45 EST) Redbook Store Sales Weekly YoY (Released 8:55 EST) Redbook Store Sales MoM (Released 8:55 EST) ICSC UBS Redbook Comparison TABLE (Released 8:55 EST) Consumer Credit (Released 15:00 EST) Consumer Credit TABLE 1 ...Read More

2008-09-08 USER

[Skip to the end] Consumer Credit (Released 15:00 EST) Consumer Credit YoY (Released 15:00 EST) Consumer Credit TABLE 1 (Released 15:00 EST) Consumer Credit TABLE 2 (Released 15:00 EST) Consumer Credit (Jul) Survey $8.5B Actual $4.6B Prior $14.3B Revised $11.0B   Lower than expected which could mean there was less spending than ...Read More

2008-08-07 US Economic Releases

[Skip to the end] Initial Jobless Claims (Released 8:30 EST) Continuing Jobless Claims (Released 8:30 EST) Jobless Claims TABLE 1 (Released 8:30 EST) Jobless Claims TABLE 2 (Released 8:30 EST) Pending Home Sales MoM (Released 10:00 EST) Pending Home Sales YoY (Released 10:00 EST) Pending Home Sales Total SA (Released 10:00 EST) ...Read More

2008-07-08 US Economic Releases

[Skip to the end] ICSC-UBS Store Sales YoY (Released 7:45 EST) Redbook Sales YoY (Released 8:55 EST EST) Pending Home Sales MoM (Released 10:00 EST) Pending Home Sales YoY (Released 10:00 EST) Wholesale Inventories MoM (Released 10:00 EST) Wholesale Inventories YoY (Released 10:00 EST) Consumer Credit (Released 15:00 EST) ABC Consumer Confidence ...Read More