I think this is a very interesting report.
Consumer credit increased at an annual rate of 3 3/4 percent in October. Revolving credit increased at an annual rate of 1/2 percent, and nonrevolving credit increased at an annual rate of 5 1/4 percent.
Now this is an interesting chart Air Jordan Fusion 4 note that the non revolving is starting to dip on rate of change while that ex fed gov (student loans) is trending upward. This would Air Jordan Women Size imply that the student loan ponzi may be about to blow up. Is this the next Air Jordan 11s shoe to drop?
Let’s look Air Jordan 6s at levels:
That’s even more interesting. On a levels perspective revolving is basically doing nothing but Air Jordan 9s the non ex fedgov (including student loans) still looks more or less ok.
We’ll see what we get after the holidays; this is an October number so the holiday season will not show up for the next two reports (Black Friday is in November, but the entire season requires through December of course) but at present it appears that there’s no “revival”, particularly when it comes to credit cards.