"A different kind of credit." That's the conclusion of a growing numbers of analysts who see the...


"A different kind of credit." That's the conclusion of a growing numbers of analysts who see the rising consumer credit number as a positive with the number more highly-skewed to consumers on solid financial footing than in the bubble years. It's a nice thought in manner ways, but a credit card delinquency rate (+90 days overdue) that crept up 4 bps to 0.75% last quarter also bears some watching.
Comments (2)
  • wyostocks
    , contributor
    Comments (9113) | Send Message
     
    Debt is the new opium. People thought at one time that it was also good for you.
    23 Nov 2012, 12:28 PM Reply Like
  • Tack
    , contributor
    Comments (16260) | Send Message
     
    Private debt-to-GDP ratio has been falling since 2009:

     

    http://bit.ly/SflwOj

     

    The .04 points change in credit card deliquencies is hardly worth discussing.
    23 Nov 2012, 12:40 PM Reply Like
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