Government Statistics….Liar Liar Pants On Fire!

| December 17, 2010

Liar Liar Pants On Fire!  The chart below is total consumer credit outstanding. Interestingly, when we looked at it, somehow it showed an uptick. That seemed odd and didn’t square with the credit card data.  Low and behold…… they (the government) now count student loans as consumer credit, whereas they did not in the past. Geez, so federally supported credit (ie. student-backed […]

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