Photo: Wikimedia Commons
We’re not sure what’s up with this yet, but consumer credit grew by $15 billion in June.That compares to $5.07 billion in the month before, and an expected $5 billion.
Revolving consumer credit (so we’re talking credit cards here) grew at an annualized 7.9% in the month.
It’s a surprisingly bullish sign.
The full release is here.
For what it’s worth, the markets don’t care.
Dow gains fading. NASDAQ off over 1% again.