Unemployment is still currently high, but consumers seem to be managing their income bills. Consumer default reports states that rates dropped in March. “The first quarter of 2013 shows healthy consumer credit quality,” says economist David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.
The consumer credit report situation in comparison to the 2005 is as good or better than it was back in 2005. Quarterly earnings from Bank of America indicate that low interest rate spreads are making it harder for banks to make money.
Gold is down to $1,380 an ounce. The price of oil has fallen slightly on futures markets to below $89 for West Texas crude.
Picture by debtcovered