WS #15605
US total consumer credit rose by $8.3 billion in August to a record $5.19 trillion, marking the 14th consecutive monthly increase. This debt-fueled consumption supports near-term economic data but raises long-term solvency concerns. Simultaneously, money market funds recorded their largest weekly inflow since the pandemic, indicating a flight to safety, while Bitcoin continues to bleed as liquidity tightens in risk assets.
Consumer Credit & Macro Liquidity
US total consumer credit rose by $8.3 billion in August to a record $5.19 trillion, marking the 14th consecutive monthly increase. This debt-fueled consumption supports near-term economic data but raises long-term solvency concerns. Simultaneously, money market funds recorded their largest weekly inflow since the pandemic, indicating a flight to safety, while Bitcoin continues to bleed as liquidity tightens in risk assets.