US Consumer Credit

[Midpack]

Good news or bad news? Hopefully this represents a return to a sustainable level of credit and not a prelude to overheating again...
U.S. Consumer Credit Increases by Most in Ten Years on Household Optimism - Bloomberg

 

[FinanceDude]

Good news or bad news? Hopefully this represents a return to a sustainable level of credit and not a prelude to overheating again...
U.S. Consumer Credit Increases by Most in Ten Years on Household Optimism - Bloomberg

Hey, they're estatic, you can get unemployment benies for almost 2 years, they got to walk away from their mortgage, what's not to like, might as well reward themselves with 25.00%+ unsecured debt!

 

[Midpack]

I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.

 

[REWahoo]

I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.

But...but...but...how can I rant and make use of my curmudgeon certification if we do that?

 

[ziggy29]

Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.

 

[Midpack]

Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.

Me too. If I am reading this chart correctly, while we've had a spike, we're not yet at historically high levels? Just trying to read some of the tea leaves. FWIW

 

[HFWR]

Goldilocks...