The #1 Datapoint We're Excited To See This Week

Contrary to last week’s jam-packed economic calendar, this week will be extremely light. There’s no news today, and then very little over the next four days.

But there’s one number we’re very excited to see, and that’s consumer credit, which comes out at 3:00 PM ET tomorrow (Tuesday).

November’s number clobbered estimates, and revolving consumer credit, for the first time since the credit bust, saw flat year-over-year growth, as shown here.

chart

Photo: FRED

It’s pretty hard to be bearish about any aspect of the economy with credit expanding. Another improvement here to clearly positive year-over-year growth would be uber-bullish.

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 research.businessinsider.com.au.

Tagged In

greece moneygame-us