Tidbits…
Consumer Loan Balances were down 16.3 percent from the peak in February 2009, having been on a steady decline since that time. Still, consumer spending has been holding up recently, growing 3.8 percent in November , the strongest year-over-year growth rate since May.
Personal income growth has also been strong, up 3.4 percent year-over-year in November.
Consumption has been growing faster than income recently, leading to a decline in the saving rate from 6.3 percent in June to 5.3 percent in November.
While savings have fallen to $614 billion from $720 billion a few months ago, savings are still nearly four times higher than they were at the dawn of the recession.
The November trade numbers put year-to-date total exports up 16.7 percent in nominal value terms over the same period in 2009. If exports continue to grow at this pace for for four more years, U.S. exports will more than double by 2014.

Source: Wells Fargo Securitites