Consumer’s continue to struggle under a mountain of debt according to the latest Consumer Credit report:
“Consumer credit decreased at an annual rate of 4.5% in May 2010. Revolving credit decreased at an annual rate of 10.5%, and nonrevolving credit decreased at an annual rate of 1.5%.”
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.