The consumer is the one important key to economic growth as they account for nearly 70% of GDP. Recent data does show consumer balance sheets have been improving based on the Fed's Financial Obligation Ratio.
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| From The Blog of HORAN Capital Advisors |
Even consumer loan charge offs at commercial banks continue to show significant improvement.
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| From The Blog of HORAN Capital Advisors |
The water on the fire though is the fact consumer delinquencies have recently turned higher. Is this a precursor to a less robust consumer spending environment? The fact gasoline prices have been on the rise as well is likely to reduce the cash available to consumers for discretionary spending.
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| From The Blog of HORAN Capital Advisors |
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