Consumer Credit Soars Most In 10 Years

| May 7, 2012

Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]

Consumer Credit Soars By Third Highest Ever

| February 7, 2012

So…the consumer confidence level is soaring right along with the consumer debt, and the savings rate is plunging.  Now we understand why the Federal reserve has been so worried lately.  The worry is that this consumer spending binge is totally unsustainable and likely to burn out soon! A report from the Labor Department today also showed there […]

Total Consumer Credit Shows A Small Increase, Revolving Credit Posts 27’th Consecutive Monthly Decline

| January 7, 2011

Total consumer credit increased modestly in line with expectations for November while revolving credit decreased by $4.2 billion, and non-revolving credit showed an increase of $1.3 but was down from a higher number of $5.7 billion in October.  And…..Lending by the federal government for student loans continued to climb, benefiting from a law passed by Congress that makes the government […]

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