credit boom?

June 23, 2014 at 08:50 AM EDT

For what it’s worth- disputes latest ‘credit boom’ narrative Evidence Shows Media Reports of Credit Card Spending Growth are Overhyped and Wrong Consumer revolving credit has been in the news recently as the Fed’s data on consumer credit for April reportedly showed a record surge. However, we have more current data and it clearly shows [...]

For what it’s worth- disputes latest ‘credit boom’ narrative

Evidence Shows Media Reports of Credit Card Spending Growth are Overhyped and Wrong

Consumer revolving credit has been in the news recently as the Fed’s data on consumer credit for April reportedly showed a record surge. However, we have more current data and it clearly shows that these reports are another case of hysterical media over reaction.