Consumer Crdit Is Still Looking Tough
Posted By thestatedtruth.com on December 7, 2009
From The Inger Letter       www.ingerletter.com
Today’s latest report showed continued year-over-year declines for Consumer Credit; which is now an all-time one-year collapse which bears watching. I also believe that despite the protestations about credit not being available; consumer and business folks alike (at least those with basic smarts) aren’t inclined to borrow at this time, and thus neither the demand nor the credit availability are terribly volatile. It means we are still in a sobering-up period that followed the forecast ‘epic debacle’ of 2007 and beyond, and it means that you don’t go through that kind of excess credit of course, without some considerable period of time expended to redress the balances.
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