Consumer loans in the USA: be vigilant but not afraid

In recent months there have been repeated reports about alarming developments on the US consumer credit market. The main concern is that the breeding ground for a new financial market crisis could be forming in this segment of the credit industry. On closer inspection, some warning signs are indeed visible, but in our view the majority of the figures give no reason to fear the onset of a new, serious financial crisis.

Consumer loans in the USA: be vigilant but not afraid(PDF, 126 KB, non-accessible)