The boom in consumer finance stocks is out of step with the economy and borrowing cycle, cautioned a Wall Street analyst who thinks the supply of consumer credit is fast outrunning demand.

Indeed, Gary J. Gordon of PaineWebber Inc. recently estimated that the supply of consumer credit would be 50% ahead of slowing demand this year and one or two times expected demand next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.