How the Balance of 2012 Will Go
― U.S. consumer credit jumped in March 2012 by the most in over a decade (source: Bloomberg, May 7, 2012). ∙ Sure, we heard the usual bullish economists and election-hungry politicians say, “Here’s proof that consumer spending and consumer confidence is improving.” ∙ But a look closer look at the number reveals more of the same for consumer confidence and what’s ahead for the remainder of 2012… ∙ The big jump in U.S. consumer credit in March didn’t come because of consumer [...].
