25 Aug 2023

June Revolving Credit Up 11.2% Y/Y; Interest Rates On Credit Cards Up 600bps Last 5 Quarters To North Of 20%

by | posted in: Credit, Economy | 0

The US is a credit-reliant economy. Many Americans tap credit cards to even cover essential living expenses. In June, revolving credit shot up 11.2 percent year-over-year to $1.26 trillion – barely under May’s record high. Interest rates on credit cards, … Continued

15 Jul 2015

U.S. Sales Of Light-Weight Vehicles Bright Spot — Some Yellow Flags Rising

by | posted in: Economy | 0

June U.S. auto sales 17.1mn units, preceded by cycle high of 17.7mn in May Auto loans nearing $1tn; sharp rise since 3Q10; non-revolving consumer credit $2.5tn Potential problems in autos: extension of average maturity and rise in average amount financed … Continued