Im surprised the market doesnt care about this---

[MarkBrown]

Good point.

The report is meant for the investor, not the trader.

reports are for weak minded people who want to be spoon fed thru life.

 

[DaveV]

https://www.briefing.com/calendars/economic?Filter=Week1

Note that the Consumer Credit Trading Impact is listed as "Low".
You only need to pay attention to the news with Trading Impact "High".

Also, if you click on the following chart, you will see that the growth in Consumer Credit has been trending down:
https://www.briefing.com/calendars/...40708030000ConsumerCredit&FileName=credit.htm

 

[murray t turtle]

This was released today.
May consumer credit up $11.3B vs. last month, consensus $8.0B. I think this is rather significant.

%%
ACTUALLY it is\
for the ones is dumb enough to borrow continually on credt cards LOL

 

[ironchef]

And June was forecasted to be $9.2b but it was $6.4b.

IOW figure can be volatile.

You are a good trader, you understand volatility,

 

[ironchef]

This was released today.
May consumer credit up $11.3B vs. last month, consensus $8.0B. I think this is rather significant.

Out of total credit card debt of $1.15T, $11B vs $8B is not too concerning unless the trend has a significant up swing.

 

[murray t turtle]

Out of total credit card debt of $1.15T, $11B vs $8B is not too concerning unless the trend has a significant up swing.

%%
Sounds right , cash money market= >> better .
Cant buy much with the checks i'm cashin;
I aint gold finder//I 'M old fashioned /Sammy Kershaw
Dads name Mr./Cashat/moms name Rachel Cashat

 

[poopy]

This was released today.
May consumer credit up $11.3B vs. last month, consensus $8.0B. I think this is rather significant.

You don't know what you're doing.

 

[newwurldmn]

You don't know what you're doing.

yes he does.

he’s asking himself why he didn’t take out another cc loan for that jet ski.

 

[mervyn]

https://www.briefing.com/calendars/economic?Filter=Week1

Note that the Consumer Credit Trading Impact is listed as "Low".
You only need to pay attention to the news with Trading Impact "High".

Also, if you click on the following chart, you will see that the growth in Consumer Credit has been trending down:
https://www.briefing.com/calendars/...40708030000ConsumerCredit&FileName=credit.htm

The trending down is the "NEW" credit, not revolving credit nor total credit outstanding. It is not very meaningful. The banks can easily turn on an off this. If it is treding down, probably everyone feels the heat and deciedes not to borrow more than they can afford.