Picked this uplifting nugget up via RealClearPolitics citing an article that appeared in the UK’s Telegraph on the state of the US economy and how the US consumer is handling it.

US consumers are juggling plastic to put off their day
of reckoning. The Fed survey said credit card debt had jumped 6.7pc in
the first quarter to $957bn, or $6,000 per working American, despite
usury rates near 20pc.

Now, how much of this is worst case scenario versus the true state of affairs is yet to be seen.  I believe we still have a bit of nastiness to work through before things improve in earnest.  But, when everybody is finally talking about how bad it is, isn’t that when it is actually getting better?