(Reuters) – “U.S. credit card delinquencies fell for the fourth straight month in April, the latest indicator that Americans are recovering from the worst economic downturn since the Great Depression. While charge-offs remained high, delinquencies are a better gauge of future loan performance. With fewer consumers late on their bills, the outlook for credit losses over the summer may be improving.”

HT: Benny The Man

Recent Articles By Mark Perry:

• American Manufacturing Renaissance Updates
• Not All Applicants Are Equal?
• The Global Middle Class Is 50% Bigger Than We Thought, Using A New Measure: Car Ownership
• Administrative Bloat And Higher Education Bubble
• Historically High Housing Affordability Will Play A Major Role In The Housing Rebound This Year
• All Articles By Mark Perry »

Leave A Comment :