ECONODAY: Consumer credit rose a solid looking $15.5 billion in February but a closer look shows an unwanted $3.7 billion decline in revolving credit. This is the 4th decline in 5 months for the revolving component which reflects consumer reluctance to finance purchases with credit-card debt. This reluctance may be a plus for consumer wealth, given the extremely high rates of interest credit-card companies often charge, but it is a definite negative for consumer spending which has been very soft in recent months...
