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US Consumer Credit
Old 01-27-2012, 09:41 AM   #1
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US Consumer Credit

Good news or bad news? Hopefully this represents a return to a sustainable level of credit and not a prelude to overheating again...
U.S. Consumer Credit Increases by Most in Ten Years on Household Optimism - Bloomberg
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Old 01-27-2012, 10:29 AM   #2
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Good news or bad news? Hopefully this represents a return to a sustainable level of credit and not a prelude to overheating again...
U.S. Consumer Credit Increases by Most in Ten Years on Household Optimism - Bloomberg
Hey, they're estatic, you can get unemployment benies for almost 2 years, they got to walk away from their mortgage, what's not to like, might as well reward themselves with 25.00%+ unsecured debt!
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Old 01-27-2012, 11:02 AM   #3
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I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.
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Old 01-27-2012, 11:05 AM   #4
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I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.
But...but...but...how can I rant and make use of my curmudgeon certification if we do that?
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Old 01-27-2012, 11:08 AM   #5
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Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.
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Old 01-27-2012, 11:25 AM   #6
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Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.
Me too. If I am reading this chart correctly, while we've had a spike, we're not yet at historically high levels? Just trying to read some of the tea leaves. FWIW
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Old 01-30-2012, 08:59 PM   #7
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