on June 23, 2014 in Credit No Comments
For what it’s worth- disputes latest ‘credit boom’ narrative
Evidence Shows Media Reports of Credit Card Spending Growth are Overhyped and Wrong
Consumer revolving credit has been in the news recently as the Fed’s data on consumer credit for April reportedly showed a record surge. However, we have more current data and it clearly shows that these reports are another case of hysterical media over reaction.