recession

Newsfeed: Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession

Newsfeed: Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession

While it is traditionally viewed as a B-grade economic indicator, the April consumer credit report from the Federal Reserve was another shocker especially after last month’s stunning surge in credit card debt which saw the biggest increase in revolving credit on record which is why we said that today’s G.19 print straight from the Fed would be just as important as Friday’s CPI print…