July 9, 2020

AFTERNOON CAPSULE: AMERICANS PAID BACK $104 BILLION OF CREDIT CARD DEBT

AFTERNOON CAPSULE: WALL STREET FRONT RUNS REBALANCING BY SELLING STOCKS AND BUYING BONDS

This post was published yesterday in The Arora Report  paid feeds as Afternoon Capsule.

To gain an edge, this is what you need to know now.

Consumers’ Saving More

Over all, incomes of Americans have gone up due to government programs.  American consumers are being smart in saving more and paying down debt. Over the last three months, Americans have paid back a record $104 billion in credit card debt.

All of the foregoing is good for the U. S. economy and the stock market.  Counterbalancing this positive behavior by the American consumer is the reckless borrowing by the politicians.

Money Flows

The momo crowd money flows since the Morning Capsule are very positive.

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