- Non-revolving debt rises $10.3 bln
- Credit card, other revolving debt falls $2.7 bln
My guess is that car loans are leading the way… Update: Turns out it is student loans that pushed it up…
Credit cards are being paid down but consumers are buying big-ticket items. That suggests a certain amount of consumer confidence, a good sign for the economy.
Thanks to our friends at ForexFactory for the chart
