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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (9461)3/5/2004 3:14:09 PM
From: russwinter  Read Replies (3) of 110194
 
Consumer credit out, expectation was about $6 billion increase. This doesn't look deflationary to me, it looks like an credit induced inflationary boom:

Reuters
US consumer credit rose sharply in January-Fed
Friday March 5, 3:05 pm ET

WASHINGTON, March 5 (Reuters) - U.S. consumers sped up their borrowing in January, according to a Federal Reserve report out on Friday, as shoppers took advantage of low interest rates on auto loans.

The Fed said consumer credit outstanding rose by a larger-than-expected $14.3 billion in January to a seasonally adjusted $2.016 trillion. That was up from the revised $8.2 billion gain seen in December and above Wall Street analysts' projections for a $5.9 billion gain.

January's increase was the largest since a $17.9 billion advance seen in May.
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