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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (28019)3/7/2005 4:04:47 PM
From: ild  Read Replies (1) of 110194
 
Consumer credit rose $11.5 billion January, compared to an upwardly revised $8.7 billion increase in December. Nonrevolving credit rose $6.2 billion, a surprise given soft vehicle sales in the month. Year-on-year, total consumer credit is up 6.6% with nonrevolving up 5.6% and revolving up 8.1%.

Market Consensus Before Announcement
Consumer credit increased $3.1 billion in December despite a spurt in motor vehicle sales for the month. Perhaps December credit expansion will be revised higher. In contrast, motor vehicle sales plunged in January, which should hamper total credit growth.

Consumer credit Consensus Forecast for Jan 05: $5 billion


mam.econoday.com
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