Tesla, Economy, Tech, and Anti-ESG (Podcast)
Bloomberg Intelligence
00:00
Are Consumers Borrowing?
Commercial balances really slowed last quarter, but a lot of that was attributed to some of the banks talking about trying to restrain their balance sheet because they had to move up their social ratios. They expect this quarter that might normalize a little bit. I think the real question is on the consumer side and especially on the credit card side. In general, fourth quarter is the strongest quarter. Obviously due to holiday spending, and we'll see if consumers are borrowing. And then we're going to find out what's happening on the credit side of things as we head into 2023.
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