The Bears are Wrong: "The Consumer Is RE-leveraging," Jon Markman Says

He's right about one thing, the consumer are gearing-up again. This only suggests that more consumers will be extented at the wrong time as the economic cycle lows of 2016 approach.

Breakdown of total bank credit:

Retailers are enjoying this return to form. "Retailers are already well on their way to their next bull market," says Markman, noting several retail indexes and ETFs have returned to 2007 highs.

Source: finance.yahoo.com