U.S. consumers appear to be getting bit less frugal: The amount of consumer credit in use unexpectedly rose in October for the second straight month. But the whole rise came from non-revolving debt, which includes auto loans an…
The world economy is poised for more of the same in 2011: booming growth in China, India and Brazil, and a sluggish crawl in much of the rest of the developed world. Here are the five most important factors driving sluggish eco…
Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And t…
Credit card use plunged for the sixth straight month in July, with total consumer debt falling by $3.6 billion, or 1.75%, the U.S. Federal Reserve announced Wednesday.
Continue reading U.S. Credit Card Use Fell…