A Sign Of Consumer Confidence, Credit Rises In Jan–Fed
The Federal Reserve issued its monthly report on consumer credit for January The data show that total credit rose from $2.494 trillion in December to $2.512 trillion Non revolving credit, which includes automobile loans and all other loans not included in…
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The Federal Reserve issued its monthly report on consumer credit for January
The data show that total credit rose from $2.494 trillion in December to $2.512 trillion
Non revolving credit, which includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations rose from $1.691 trillion to $1.711 trillion These loans may be secured or unsecured.
The increase in cars sales was substantial in January, a supporting set of data for the Fed information
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
