consumer credit

Kathleen Keest over at Credit Slips gives the most concise explanation yet of why a worrisome percentage of car owners are underwater on their auto loans – and how that big problem affecting the economy is being overlooked.
Lots of people think that when they trade in their old car to buy a new one, that [...]

In this deteriorating economy, wealthy people who used to spend their money freely on exotic vacations and $8,000 Birkin bags supposedly are cutting down their conspicuous consumption and trying to be more environmentally sensitive at the same time, The Wall Street Journal says today.
If that’s true, it would mark a big change from the practice [...]