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Today's Economic Data Highlights

Tyler Durden's picture





 

Just consumer credit today…A $7 – $9 billion POMO will monetize just issued 3 Year bonds.
 
15:00: Consumer credit for Dec…another increase?  Outstanding balances rose in October and November, but this was entirely accountable to an increase in government holdings of student loans, which havve been rising since 2008.  Other credit continues to decline, though at a somewhat reduced pace.
Median forecast (of 25): +$2.5bn, ranging from -$1bn to +$9.6bn; last +$1.3bn.

 


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Mon, 02/07/2011 - 08:19 | Link to Comment firstdivision
firstdivision's picture

How much has the Fed Reserve lost on their bond purchases over the weekend? 

Mon, 02/07/2011 - 08:56 | Link to Comment SashaBelov
SashaBelov's picture
What's gonna happen when banks will exercise government guarantees for student loans? Student loans can be important argument for young people to stay unemployed, because first day, when they get the job, they are obliged to start paying down stundet loans - those cleaver enought will just leave the country and show middle finger to government and banks.
Mon, 02/07/2011 - 10:31 | Link to Comment QQQBall
QQQBall's picture

I thought repayments start a certain timeframe after you are no longer a student? I have heard of kids continuing as PT students to avoid starting the IR clock?

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