After a robust gain of $18 billion in total consumer credit in February, the level increased just $8 billion in March.  The troubling part of the March picture for retailers is that credit card debt actually fell by $1.7 billion.

Debt increased primarily due to a $4 billion increase is student loan lending by the federal government.

May 7, 2013 – Write it down: the first time that the Dow Jones industrial average closed above 15,000 for the first time.

It’s almost hard to believe that investors think so much of the current economy that they have driven the stock market to a new record.  But, it’s true.  For so many people, the economy is still anything but something to celebrate, but for many investors it’s looking good.

Many pundits cited the overall economic news (home sale price increases, lower unemployment rate and increased GDP)as the main reason for the stock market increases.