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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TimbaBear who wrote (81549)5/7/2007 10:00:59 PM
From: Dan3  Read Replies (4) of 110194
 
Re: I saw today that the rate of consumer borrowing went up much more than expected.

Last month consumer spending was mediocre, but there was a big increase in credit card debt. So what charges were added to consumer's accounts that failed to result in broader market sales?

If what we're seeing is default rate interest charges that are starting to overwhelm borrowers and causing "negative amortization" in Visa and MasterCard accounts, then our economy might have finally hit the wall - hard.

I wonder if we're seeing the Wiley Coyote moment... He's run past the edge of the cliff, and is hanging suspended in mid air for just a moment.
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