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Data from Equifax shows that credit card issuance surpassed the pre bust level of 58 million cards issued in 2008 hitting 60 million in 2015.  This figure is not only a record but represents a 90% increase over the number of cards issued in 2009 during the depths of the last crisis.  As with a lot of things in this world it’s about perspective.  Some would view this as another sign of the recovery’s strength and completeness.  Others that we have simply set ourselves up for a repeat of 2008-2009 and that this is just another step in that direction.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

You can catch me on the radio at noon each business day as well on California’s central coast.  KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Rebroadcasts, additional writings and other entries are also available on my Blog at www.clinvestments.com

Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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