Since the depths of the financial crisis, the rebound in consumer credit has been polarized. On the one hand you have non-revolving consumer credit (i.e. car loans, student loans, etc.), which briefly declined on a year-over-year basis in 2009 and early 2010 before violently rebounding in 2011.
Since January 15th, 5-year TIPS derived breakeven inflation has increased 23 basis points from 105 basis points to 138 basis points. 10-year TIPS derived breakeven inflation has increased 16 basis points during this time and 30-year TIPS derived breakeven inflation has increased 8 basis points since the beginning of February.
The real trade-weighted exchange rate index against major currencies has reached its highest level at the end of January since April 2003. The broader index is currently at a 69-month high. The major currency index includes six currencies (Euro, Yen, Canadian Dollar, Pound Sterling, Swedish Krona, and Swiss Franc).