Of course, this trend is much based upon human nature and therefore no-one can really know, but I was interested to note the spike to record levels of credit card use in October held up at $21.8 billion in November. The era of thrift I'm afraid I just don't believe in.
This underscores the dilemma for the Reserve Bank with its interest rate decisions - headline figures often tell a reasonable story but the problem we have in Australia is that while mining investment and now iron ore prices are cruising along, confidence in so many other sectors is low.
For these reasons the futures markets hang in the balance, a February rate cut priced in as a 34% possibility.
Stock market remains happy enough, the All Ords ticking up by 0.25%.