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Credit Card Debt Suddenly Surges 18% As U.S. Consumers "Pre-Spend" Tax Relief Savings

Credit Card Debt Suddenly Surges 18% As U.S. Consumers "Pre-Spend" Tax Relief Savings

With Republicans in Washington D.C. on the verge of passing their first major piece of legislation in the form of comprehensive tax cuts that will allow Americans across the income spectrum to keep a little more of their hard earned cash in 2018, it appears as though eager U.S. consumers may have already "pre-spent" their savings on their credit cards. 

Equity Mania Reaches Fever Pitch As Even Famed "Value Investors" Throw In The Towel On Shorts

Equity Mania Reaches Fever Pitch As Even Famed "Value Investors" Throw In The Towel On Shorts

Once upon a time, the chart below would have resulted in value investors loading up on short positions, or at the very least moving money to the sidelines, while poking fun at the 'momo' crowd for once again convincing themselves that "this time is different" as they chased equities ever higher. 

Alas, as Bloomberg points out this morning, this time around it seems that even the most famed value investors, including Jeremy Grantham, have decided to throw in the towel on their bearish bets.

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