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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