Tuesday, June 14, 2016

The Strong and Resilient U.S. Consumer

June 14, 2016
U.S. retail sales point to strong domestic demand

Economists said based on May's broad increase in retail sales, consumer spending in the second quarter was growing between a 3 percent and 4 percent annualized rate.

Hurray! Consumers still want to buy stuff!! Woohoo!!! :)

June 14, 2016
WSJ: Why Synchrony Financial Spooked the Credit-Card Industry

Consumers seem to have generally suffered a decline in their ability to pay debts, they said, possibly because they have taken on more auto and student loans.

Hurray. Consumers still want to buy stuff. Woohoo. :(

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