SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LLCF who wrote (108395)6/13/2001 6:47:25 PM
From: Mark Adams  Read Replies (1) of 436258
 
Consumer debt soared at an unexpectedly rapid 10.5% annual rate in February, according to the Federal Reserve.

I took another look at this. The 10.5% number is the monthly expansion annualized. In looking at the trend, it appears that consumers are taking on more non-mortgage debt over the past years. So I went to the historical data, and calculated the percentage change month over month, annualized it, and plotted it in this graph.

The graph shows oscillations, and also that 10.5% expansions are quite common.

rbcassociates.homestead.com

Sources;
federalreserve.gov
federalreserve.gov
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext