This has got to be a fuckin typo right!?

#ConsumerCredit
Increased to 23Billion vs. expected $9B!

What the actual f*ck!?

$SPY $DIA $IWM

Consumer credit more impactful on GDP than Corp credit…$hyg #consumercredit

#ConsumerCredit Credit card delinquencies. Spiking

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#CREDICORP #ConsumerCredit

#ConsumerCredit #Debt #Debt Crisis

#ConsumerCredit

#ConsumerCredit stats are getting worse #delinquency

#Consumer Credit #CarLoans #AutoLoans #AutoFinancing #CarSales #CarDealers #Consumer

#RBI raises risk weight on consumer credit & banks’ exposure to #NBFC s :

Higher Impact on #BajajFinance and #ltfh : ~200bps
Ltd impact on Capital Adequacy for most banks with RWA likely to rise by 5-7%
#RBI News #ConsumerCredit #MarketImpact #finance #Banking #NBFC #creditcard

Households today are less leveraged compared to past bubbles like housing, but low savings rates and costly debt hinder consumers from increasing leverage. 📉 The cyclicality of consumer credit is apparent, hinting at a potential downturn ahead. 🔄 #ConsumerCredit   #Economy

Does a long-awaited retrenchment by US consumers impend?

Jan-2024’s sa unit auto sales fell by -6.6% mm and by -0.8% yy.

The drop by consumer credit’s YY rise from Dec-2022’s 7.6% to Dec-2023’s 2.4% is very rare for a mature economic upturn. #consumercredit #autos #spending

#Consumercredit 🇺🇸 Stock de crédito al consumo en circulación se expandió U$7,200 millones en mayo, muy por debajo de las expectativas de U$20,500 millones.

Despite reaching all-time highs #consumercredit growth is slowing as higher interest #rates curb spending. KPMG US economist Meagan Martin-Schoenberger noted, “We have decreased our expectations for interest rate cuts from three to two, starting in September.” #Fed bit.ly/44aFzGo

Consumer credit access has tightened significantly compared to last year. Banks have increased lending standards on credit cards, with current conditions tougher than during early 90s and 2000s recessions. #ConsumerCredit #EconomicTrends

“The student loan is the only way to bring a push-up, it also being focused education.” - Prince Dapo Adelegan Former President Nigerian-British Chamber of Commerce

#theconversation
#consumercredit
#voiceoflagos

Mar #consumercredit comes in well below exp's at +1.5% SAAR or $6.27bn, the least this yr, vs exp’s for $15.0bn & decelerating from +3.6% in Jan or $15.0bn (rev’d from $14.13bn), now up just 2.6% y/y.

Revolving (mostly #creditcard ) debt was up just +0.1% SAAR ($0.15bn), the

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#CreditScore #CreditReport #ConsumerCredit

Employers slowed hiring in October, adding a modest 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high-interest rates.

Consumer Sentiment Plummets (chart)

#ConsumerCredit still an issue
#crypto market is setting up for some corrections

US consumers credit card debt (August 2023).

Passed the 1 Trillion mark a while ago.

Quite a concerning development.

But reflects the current state of the country pretty accurately.

(Image by Reuters)

#USDebt #ConsumerCredit #EconomicUpdate
#FinancialNews

Feb #consumercredit comes in slightly below exp's at +3.4% SAAR or $14.125bn vs exp’s for $15bn, decelerating from +4.2% in Jan or $17.68bn rev’d from $19.60bn) up 2.6% y/y.

Increase led by revolving debt (mostly #creditcard ) +10.9% SAAR ($11.27bn), most since Nov and up +9.0%