The Supreme Court debate on the constitutionality of the Affordable Care Act ended today.  The debate over the past three days has caused plenty of drama in DC, as everyone tries to decipher what the nine Justices will ultimately decide.

From Margo Beller at CNBC: Improving Housing Market Driving Economy: Jamie Dimon "I believe we’re very close to the inflection point. People look at prices that are still coming down but all the other signs are flashing green," [CEO Jamie Dimon] said during a job fair in New York for hiring veterans. ... "the shadow inventory everyone talks about is lower today than it was 12 months ago. It will be a lot lower 12 months from now," he said.

Recent marginal interest rate increases have scarcely surprised the consensus – who take this tightening as a sign the U.S. economy is in a firming economic recovery. As such, many expect credit growth to improve further over the next year.But is such extrapolation warranted? After all, borrowers are sensitive to even modest changes in credit conditions.  ECRI’s U.S.