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The Primary Source Of January’s Surprising Boost To Consumer Credit? Why, The US Government Of Course

Today, the market spiked in the last hour of trading after it was announced that total consumer credit increased for the first time in a year (not all credit, mind you, just car loans; consumers are still eagerly paying down their credit cards). And who was the source for this generosity you may ask

Non-Revolving Credit Rises By $7 Billion As Revolving Credit Dips Yet Again

The January G.19 statement is out , and confirms that consumers are buying ever more cars on credit, as if we didn't know this. Non-revolving credit, which is basically comprised of car loans increased by about $7 billion to $1.592 trillion, even as revolving credit continued declining, hitting $864 billion, down from $866 billion

Daily Highlights: 3.5.10

Asian stock markets rise as optimism ahead US jobs report grows; Tokyo jumps 2 percent. Asian stocks rose, after U.S.

February 8 Insights From Art Cashin

The choice selections from today's Art Cashin comments, via UBS Financial Services: Greek Rescue Rumor And Chippier Consumer Brings Stocks Back From Brink – For much of Friday’s session, fears about the European Union (particularly Greece) sent folks seeking the safety of the dollar.

Consumer Credit Drops For 11th Straight Month, Down -1.8 Billion, November Revised $4.3 Billion Lower

January Consumer Credit dropped for the 11th straight month, declining by $1.8 billion in January to $2,456.8 billion from a $4 billion downward revised $2,458.6 billion in November. Revolving credit dropped by $8.5 billion, or an 11.5% annuallized rate, while non-revolving credit (think auto loans) surged by almost $7 billion, a 5.2% annualized increase.The primary source of capital was "pools of securitized assets" whose total increased from $601 billion to $610 billion as most other funding classes declined. Is January poised for the first positive consumer credit reading in a year

Guest Post: Cycle Logical Issues?

Submitted by Contrary Investor , one of our favorite no nonsense sites. Readers who want to get a premium subscription and mention Zero Hedge should get a discount on membership rates.

Redbook: January Retail Sales Down -1.5% Vs December; Up 1.0% YoY, Miss Estimates

The January data for the Johnson Redbook retail index is out, missing the MNI consensus for both YoY change, which was at 1.0%, compared to a 1.2% consensus, while month over month Redbook was down 1.5% compared to december, on expectations of a 1.2% drop. Index commentary from Market News : Sales performance pulled back slightly from the previous week's gain.

One In Eight Dollars In Receivables During November Collection Period Has Been Written Off As Uncollectable

Taking a playbook straight from Wall Street, consumers maxed out their store-branded retail cards and decided simply to not pay them in November-December.

Some bold and not so bold macro predictions for 2010

1. The China bubble will not burst in 2010. The "Chinese bubble" has been a pretty popular topic-du-jour over the last month or so.

Has The Federal Government Directly Financed The Purchase Of 2.25 Million Cars In The Past Year?

An interesting observation emerges when one analyzes the various holders of non-revolving consumer credit . While the traditionally largest players in non-revolving consumer credit provisioning, commercial banks and finance companies, have been actively curtailing their lending of auto loans (the primary form of non-revolving credit, which also includes student loans, as well as boat and trailer loans) with their combined holdings declining by 5% year over year (from $989 billion to $940 billion), another actor has jumped in to take their place at the margin. It should not surprise anyone, that with a 68% increase in non-revolving credit holdings over the past 12 months , this entity is none other than the Federal Government