Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks
Delinquency Rate on Credit Card Loans, All Commercial Banks
Consumer loans are rising. If we look at the last 1 year, credit card loans are increasing almost in a linear manner. The same thing can be said about delinquency ratio. Though it is far below the levels seen in 2007-2008, it has been rising steadily over the last year.
All these signal a recession I'm afraid.
