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March Consumer Credit: +$21.3B vs. +$9.8B expected and $8.7B prior. Non-revolving debt (student...

March Consumer Credit: +$21.3B vs. +$9.8B expected and $8.7B prior. Non-revolving debt (student loans, car and personal loans) up $16.20B, while revolving debt (credit cards) increased $5.10B. Credit card debt +$5.1B.
Comments (16)
  • Wall Street Smart
    , contributor
    Comments (474) | Send Message
     
    These are solid numbers
    7 May 2012, 03:04 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    solid is when you donĀ“t need to use your credit card....and its mostly student loans......in which the students will vote for the guy that will make them go away...its the new world order....same as the old world order...borrow...borro... have someone else pay for it..or default...same thing
    7 May 2012, 03:10 PM Reply Like
  • WMARKW
    , contributor
    Comments (10397) | Send Message
     
    In the last report of GDP growth, 2.2%, 1.6% of that number was related to auto purchases.
    7 May 2012, 03:17 PM Reply Like
  • bbro
    , contributor
    Comments (9742) | Send Message
     
    Federal student credit outstanding rose to $460.2 billion in March....
    Cost of War In Iraq..803.3 billion
    7 May 2012, 03:21 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Both losers.
    7 May 2012, 03:23 PM Reply Like
  • WMARKW
    , contributor
    Comments (10397) | Send Message
     
    Bring all the troops home.....from all over the world.
    7 May 2012, 03:27 PM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2459) | Send Message
     
    I say leave the troops where they are. Otherwise, they'll add to the unemployment rolls here and Obama will have another excuse to throw more money to his union-labor friends for shovel-ready infrastructure projects. Or is that better described as toilet-ready projects? (Kidding)
    7 May 2012, 11:38 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Student loans and S.S. disability payments are the most promising careers in our economy.
    8 May 2012, 08:56 AM Reply Like
  • TWagen
    , contributor
    Comments (143) | Send Message
     
    The definition of insanity is doing the same thing and expecting a different outcome...... Hmmmm.

     

    I guess we didn't enjoy the last few years enough ! When will the Sheeple learn !

     

    No pity this time around for anyone involved.
    7 May 2012, 03:37 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Looks like another bubble is developing or perhaps has developed already. Consumers cannot purchase cars and gadgets on credit for the rest of their lives. What is going to happen when they finally stop. Where is consumer demand going to go? This is bad news.
    7 May 2012, 04:33 PM Reply Like
  • rasanders22
    , contributor
    Comments (541) | Send Message
     
    Consumers will most certainly keep purchasing cars on credit. Someone has to buy a new vehicle so someone later on down the road can buy a used vehicle. And since new vehicles will always be sold, people are going to have to finance a huge chuck of those vehicles. Most people cant afford to pay 15-30k for a new car by writing a check. Even if I had 15k cash, I wouldnt pay it all towards a $15k car.
    8 May 2012, 12:00 AM Reply Like
  • levin70
    , contributor
    Comments (942) | Send Message
     
    "Surges"

     

    If you look a the NSA numbers from February to March you get the following - an increase of $4.4 billion. If you break that down, you get student loans increasing by approx $7 billion and thus everything else decreasing by $2.6 billion.

     

    Not exactly sure where you get the "surges" from.
    7 May 2012, 05:09 PM Reply Like
  • daro
    , contributor
    Comments (1579) | Send Message
     
    good point.
    7 May 2012, 06:06 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Total non revolving credit at it's highest ever ($1.7 Tril). Revolving credit at 2005 levels. Employment participation rate at 1981 levels. Social assistance levels at all time highs. Population levels at all time high (duh).... anyone see a problem with this?
    Demographics do not make this a positive.
    7 May 2012, 06:00 PM Reply Like
  • WMARKW
    , contributor
    Comments (10397) | Send Message
     
    Papa... yea, we're in deep doo-doo and a good portion of the population is not pulling the wagon and doesn't know what to do to get it to go either.
    7 May 2012, 06:14 PM Reply Like
  • quinnman
    , contributor
    Comments (104) | Send Message
     
    Since when is the expansion of credit in a stagnant economy a good sign? THe labor force has contracted since the end of '08, loss of 1.3 million jobs. The labor force participation rate is the lowest since '81 and yet credit is expanding exponentially. Not good, people
    7 May 2012, 09:47 PM Reply Like
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