Thanks for this excellent article! Someone pointed out the divergence between consumer spending (up) and consumer sentiment (down) on Twitter recently, and I wondered what's behind it. The growth in consumer credit you mentioned might well be the missing link: "Households are seemingly turning to their credit cards in droves as they attempt to maintain their standard of living against a backdrop of rapidly rising costs."
Thanks for this excellent article! Someone pointed out the divergence between consumer spending (up) and consumer sentiment (down) on Twitter recently, and I wondered what's behind it. The growth in consumer credit you mentioned might well be the missing link: "Households are seemingly turning to their credit cards in droves as they attempt to maintain their standard of living against a backdrop of rapidly rising costs."
I'll buy you a coffee if I can claw back last weeks losses, Avid.