Re: U.S. Dec. consumer credit up $6.10 bln/Hal

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In Response To: U.S. Dec. consumer credit up $6.10 bln ()

Hi Hal,
I guess this would be considered a "good sign" for the US Economy. As long as it is NOT NINJA credit finagled by those without jobs to just get along !!

On serious side:
Seems the Fed. has desired an increase in bank lending.

As long as the credit increases are to responsible employed folks, it seems to show more confidence going forward.

Since about 70% of our GDP is consumption based, that should be a good sign for the US Economy.[As long as we don't spend it all in China !]

Just musing a bit on your post. Please comment/correct me if you think I'm off base.

Thanks, Lee

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Re: U.S. Dec. consumer credit up $6.10 bln/Hal

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