Other bullish signs included an increased balance in the perception of consumer credit demand and supply.
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While it's commonplace to look at consumer credit issues from the demand side, he sees it from the supply side.
At the same time, nothing good comes from these forced cuts in US Federal spending, because the current deficit is being easily financed in financial markets where business and consumer demand for credit is weak.
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Professor PETE KYLE (Finance, University of Maryland): There is a tremendous demand for consumer credit.
As a result of pent up demand and consumer credit becoming more readily available, the U.S. auto industry has continued to recover in 2011.
Just as PCI demands rigorous security practices from those who handle consumer credit card data, regulations can demand a similar level of competence from companies that collect and mine user contextual data.
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Domestic demand was sleepy when consumer credit was unknown and a combination of a weaker currency and high barriers to trade made imports too expensive.
Brazil is also wrestling with inflation, thanks to a QE2 fed commodities bubble and local demand for credit and consumer goods and services driving up prices.
The country accounts for 20% of personal computer and handset demand and the Chinese consumer, Credit Suisse says, is very price sensitive.
Industry analysts are cautiously optimistic about the sector after stronger year-to-date sales, healthier inventory levels, more favorable credit conditions and improved consumer sentiment have boosted demand for American light-vehicle manufacturing.
Russia has achieved this success not by coddling its job creators or by adopting radically free-market and business-friendly policies, but by supporting consumer demand, encouraging consumption, and loosening credit within the confines of its (deeply flawed) preexisting economic structures.
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For if workers see their real wages fall at the same time as the credit crunch is constraining their ability to borrow, consumer demand will suffer.
Domestic demand has been contracting, thanks partly to a hangover from a consumer-credit binge.
"They're financed more like consumer products, " he said, noting that the higher rates and tighter credit have hurt demand for mobile homes.
Credit cards have become popular in China only over the past few years, as consumer demand has risen.
Prime Minister Yulia Tymoshenko warned on Monday that Ukraine was heading for stagnation, with global demand falling for its key exports - steel and chemicals - and banks unable to extend consumer credit.
America's consumer-credit laws, passed in the 1970s, give individuals the right to examine their credit records and to demand corrections.
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