Data released on Friday is shown below...the blue box contains prior figures and the red box contains Friday's figures...numbers in the middle are estimates.
Apart from Personal Spending (which tells me that Consumer Debt is still rising), my math adds up to "contraction" in these numbers. You can give it a nicer name like "slowing growth," but it's still "contraction."
I've written about Consumer Debt in these past posts (it's not a pretty picture):
http://www.strawberryblondesmarketsummary.com/2012/03/consumer-credit-levels-higher-than-in.html
http://www.strawberryblondesmarketsummary.com/2012/03/will-american-consumer-save-day.html
http://www.strawberryblondesmarketsummary.com/2012/05/consumer-debt-bubble-looming.html

Read more from Strawberry Blonde

Sign up and receive Ryan's stock picks, watch-lists and eBook

Add comment

Name (required)

E-mail (required, but will not display)

Website

Notify me of follow-up comments

Refresh

Send

Cancel

JComments