News
CNN Money | Credit card delinquencies lowest since 1990
Delinquencies on bank-issued credit cards -- on accounts that were 30 days or more overdue -- fell to 2.41% in the first quarter of 2013, the lowest level since 1990, according to an American Bankers Association report released Tuesday.
Bloomberg | Consumer Borrowing in U.S. Rises $19.6 Billion, Most in Year
The $19.6 billion increase in credit followed a revised $10.9 billion gain the previous month that was less than initially reported, Federal Reserve figures showed today in Washington. The median forecast in a Bloomberg survey called for a $12.5 billion advance.
Econ Comments & Analysis
Washington Times | The futility of stimulus
Markets went into a tailspin recently when Federal Reserve Chairman Ben S. Bernanke’s hinted that the central bank might end monetary stimulus. That alone should be evidence of the dangers of intervention by the Fed that continues for years. Monetary stimulus, or manipulation of the money supply, rarely comes alone.
