Federal Reserve Bank Of New York: Consumer Credit Is Deteriorating

HFA Padded
Rupert Hargreaves
Published on
Updated on

Consumer credit The Federal Reserve Bank Of New York’s fourth-quarter report on household debt and credit presents a positive picture of US consumer indebtedness. Overall, the report, a copy of which has been reviewed by ValueWalk, shows a healthy demand for lending and delinquency rates continue to trend lower. However, the problem areas of student loan debt and auto lending continue to weigh on overall lending and default metrics. Bridgewater Report Notes Lack Of Consumer Credit Demand Overall, aggregate household debt balances increased by 1.8% during the fourth quarter $12.58 trillion, up $226 billion quarter-on-quarter. Household debt remains just below…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk