Consumers Went on a Credit Card Spending Spree in March, Four Pictures – Mish Talk

Consumer credit numbers via the Fed’s G.19 Report came out last Friday.

The increase in $52.43 billion was the biggest jump in history by far. And most of it was credit card spending.

ZeroHedge commented Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession

His take was essentially my first reaction. Consumers exhausted their savings from three rounds of fiscal stimulus.



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