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This Consumer Credit trading object downloads total consumer credit historical data (for the United States) as well as the amount, in millions of dollars, of two types of credit: Revolving and Nonrevolving credits.
Consumer Credit refers to loans or line of credits that are borrowed by US consumers to buy goods and services (at the retail level). Consumers do not reimburse these credits immediately but instead repay them a later date. Examples of consumer credits include personal loans, retail loans, store cards, credit cards.
The Revolving credit is a kind of credit that unlike the nonrevolving credit does not impose a fixed number of payments. Credit cards are an example of a revolving credit that is used by consumers. One of the main characteristics of a revolving credit is that the borrower may or may not use the money at its disposal (defined by the credit limit). In case the consumer uses all or some of this money, he should make payments based solely on the amount he/she have used (plus interest).
Consumer Credit Historical Data spans from 1943 to present. It is seasonally adjusted and is provided by the Federal Reserve Statistical Release website. The total, revolving and nonrevolving numbers are associated with the following ticker symbols: ^Consumer_Credit, ^Consumer_Credit_Revolving, ^Consumer_Credit_Nonrevolving.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
