GOLDBUGS AMEX Goldbugs Index (GOLD)

[Nolerman]

Is it really getting better based on car sales?? Incomes are going up right? Or.....is it just people maxing out credit and going more in debt? I think the later. Massive debt with less wages in a time of massive inflation does not a "better" make. It's worse.


Consumers Max Out Their Credit Cards In Month When Personal Savings Tumble
http://www.zerohedge.com/news/2014-02-07/consumers-max-out-their-credit-cards-month-when-personal-savings-tumble

94% Of March Consumer Credit Was For Student And Car Loans
http://www.zerohedge.com/news/2014-05-07/94-march-consumer-credit-was-student-and-car-loans

GM Sales Soar In May On Easy Credit As 74 More Deaths Revealed Due To Faulty GM Switches
http://online.wsj.com/article/PR-CO-20140602-904875.html

Consumer Credit Has Fifth Biggest Monthly Jump In History; Revolving Credit Soars By Most Since November 2007
http://www.zerohedge.com/news/2014-06-06/consumer-credit-has-fifth-biggest-monthly-jump-history-revolving-credit-soars-most-n

"My Credit Score Is Terrible...I'm Surprised They'd Give Me So Much [Credit]"
http://online.wsj.com/articles/credit-card-lenders-pursue-riskier-borrowers-1403807505


and just out an hour ago......

Consumer Credit in the US rises on demand for car and Student Loans
http://www.bloomberg.com/news/2014-08-07/consumer-credit-in-u-s-rises-on-demand-for-car-student-loans.html