Tag Archives: consumer credit

Retail Sales Surge While Consumers Pay Down Debt

Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading

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Retail Sales Surge While Consumers Pay Down Debt

Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading

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Consumers ‘Another Day Older and Deeper in Debt…”

Popular Economics Weekly “Ya load sixteen tons, whaddya get, another day older and deeper in debt…”, the famous folksong sung by Burl Ives and Tennessee Ernie Ford describes today’s consumers who are still spending huge amounts of borrowed money at … Continue reading

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Boom Times In 2017 For Consumers?

Popular Economics Weekly Here are more signs that economic growth will increase in 2017. There’s a large increase in revolving credit, one of the largest of the cycle, reports the Federal Reserve, a sign that retail sales are booming (with … Continue reading

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Record Low Rates Spur Consumer Debt, But Not Spending

The Mortgage Corner Consumer credit rose a very large $17.2 billion in February with January revised higher to $14.9 billion, says the Federal Reserve. Nonrevolving credit, which are gains for vehicle financing and student loans, rose $14.2 billion and revolving … Continue reading

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Will 2014 Be a Janet Yellen Rally?

Popular Economics Weekly Consumer spending and future economic growth will depend on just how hard New Fed Governor Janet Yellen pushes the Federal Reserve Governors to maintain QE3 in 2014. She is a UC Berkeley economist interested more in creating … Continue reading

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Mortgage Delinquencies Continue Decline

The Mortgage Corner Mortgage delinquencies and foreclosures continue to decline. According to Lender Processing Services (LPS), 6.08 percent of mortgages were delinquent in May, down from 6.21 percent in April, while 3.05 percent of mortgages were in the foreclosure process, … Continue reading

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