WASHINGTON — U.S. consumers (click title to entry - thank you) likely took on more debt in June, even as they largely kept spending in check.
Economists forecast that consumer borrowing increased by $10.5 billion in June, according to a poll by FactSet. The Federal Reserve will release its report at 3 p.m. Eastern time Tuesday.
More borrowing is generally viewed as a healthy sign for the economy. It suggests consumers are gaining confidence and growing more comfortable taking on debt....
That doesn't reflect poor consumer confidence at all. Americans know enough to realize they are being gutted on energy costs. Fuel efficient vehicles are helping the American household to enjoy life in the face of a draconian petroleum industry.
July 31, 2012, 4:57 p.m. EDT
Economists forecast that consumer borrowing increased by $10.5 billion in June, according to a poll by FactSet. The Federal Reserve will release its report at 3 p.m. Eastern time Tuesday.
More borrowing is generally viewed as a healthy sign for the economy. It suggests consumers are gaining confidence and growing more comfortable taking on debt....
That doesn't reflect poor consumer confidence at all. Americans know enough to realize they are being gutted on energy costs. Fuel efficient vehicles are helping the American household to enjoy life in the face of a draconian petroleum industry.
July 31, 2012, 4:57 p.m. EDT
...In the second quarter of 2012, (click here) U.S. sales of clean diesel autos increased 22.3 percent in June over June 2011, increased 14.4 percent in May, and increased 28.2 percent in April.
During the first six months of 2012, U.S. hybrid car sales increased 63.5 percent and the overall automobile market increased 14.9 percent, according to the new sales information....
This is the 2013 Chevy Volt. Nice. Auto sales are stated to slump in July. There is a limit to the number of cars a family will purchase new each month. I do believe during the months of April, May and June the American public got the message they need to change up on fuel costs.
