It’s hard to think that the economy is going into any kind of recession with numbers like these. For the second straight month we just got a HUGE number on consumer credit

Cnosumer credit expanded by $19 billion in December. That’s far more than the $7 billion that was expected by economists.

Revolving consumer credit (credit cards) grew by $4.1 billion sequentially, and is basically flat from last year again (up barely).

One more point on this: A lot of people think that US consumer have too much debt, and that a big number here is “bad” and we could imagine that being true. But if we’re talking about cycles, and whether the economy is in rebound or recession mode, re-expanding credit is OBVIOUSLY what you want to see.

Read the full announcement here.

This chart from Reuters’ Soctty Barber basically tells it all.


Photo: Reuters



It’s a very slow week economic data-wise, but this is the biggie…

Consumer credit for December comes out at 3:00 PM ET.

Analysts expect $7 billion worth of new credit for the month. That’s down from $20.3 billion in the month before.

Remember, last month REVOLVING consumer credit registered flat year over year growth for the first time since the bust.

We’ll have the number here LIVE.

Here’s that revolving consumer credichart from last month.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

credit moneygame-us