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Consumer Debt Jumps In March As Student Debt Unexpectedly Soars
Consumer Debt Jumps In March As Student Debt Unexpectedly Soars One month ago, just as our long-running narrative that US consumers had been living with maxed out credit cards for the past year was becoming mainstream, the Fed's February consumer credit data confirmed as much: a huge, 6-sigma miss to expectations of a $15BN print, when the actual number came in at a negative $1BN (and far below the lowest estimate).... ... as a result of both Revolving and non-revolving credit c
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