Credit Card Delinquencies Fall to 2007 Level
Just one more sign of economic recovery and evidence that the worst is far behind us.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, February 23, 2011
Just one more sign of economic recovery and evidence that the worst is far behind us.
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
What do you think this is due to?
Give me a break. The Fed is dumping trillions into one recessionary pit after another. Jobs are being filled, credit cards payed off and stuff produced. But this isn't an economy with a production problem. Print enough money and you can produce another planet. This is a (global) economy with demand/consumption problems. Shouldn't falling credit card delinquencies tell us that? "One more sign of economic recovery" lol! Keep drinkin' the Kool Aid folks. Carpe Disney...
"This is a (global) economy with demand/consumption problems. Shouldn't falling credit card delinquencies tell us that?"
No, it tells us that many more people are paying their bills on time, because of a better economy and increased aversion to debt.
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