Re: U.S. Dec. consumer credit up $6.10 bln/Hal
Thanks for writing back on this.
I understand and agree with your thoughts.
I really did not think this whole issue through before I posted my comment. I was thinking the way I use credit.
I have ONE credit card (for convenience) and pay it off every month. If my balance increases (still paid off) that reflects additional spending/confidence etc. and that is the way I was thinking.
Your point is very likely the truth. Open balances are growing and they are being carried forward at increasing interest rates - and that trend is clearly unsustainable.