Consumer credit continues to show some marginal signs of life as the Fed reports that total consumer credit rose by $1.4B in November. The gains were led by continuing strong auto sales. Revolving credit continued to deteriorate at a -6.3% annual rate.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.