Well, the year-over-year growth in revolving consumer credit (credit cards) finally slowed in February.
It’s still a pretty chart, but the slight tick down does break the nice upward glide path that we were on.
In a way, this seems to tell the current state of the economy quite nicely.
Whether it’s housing starts, jobs, or cars, the trend seems to be: Sill healthy growth year over year, but a stallout of the clear momentum we’d seen in the last few months.
That’s not great, though still a far cry from recession or a new downturn.