Consumers are spending a lot more and saving a lot less
So much for all that retail doom and gloom.
consumer debt
Auto loan delinquencies rise sharply among subprime borrowers
Nearly one in 10 car loans made to borrowers with bad credit was delinquent by 90 days or more in October, according to a new report on household debt by the Federal Reserve Bank Of New York.The market for so-called…
Gold rush: The yellow metal is soaring again
Gold often does well during times of turmoil. So is it any surprise that the price of the yellow metal is up 13% this year and approaching $1,300 an ounce?
