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**VtLe67WR** · 10-07-2008, 11:51 PM

Originally posted by Colon™
Consumer credit shrunk an annualised 3.7% in August. Couldn't be arsed to fact check but that's the first I've seen that measure in the negative territory (ie: in the past decade at least). Bankruptcies, maybe? Although that percentage in a negative direction seems pretty high. If that's a US number, that's tens of billions right there, since total consumer debt (less houses) exceeds $1 trillion, maybe by a lot. Hmmm.

10-07-2008, 11:51 PM	#20
VtLe67WR Join Date Oct 2005 Posts 435 Senior Member	Originally posted by Colon™ Consumer credit shrunk an annualised 3.7% in August. Couldn't be arsed to fact check but that's the first I've seen that measure in the negative territory (ie: in the past decade at least). Bankruptcies, maybe? Although that percentage in a negative direction seems pretty high. If that's a US number, that's tens of billions right there, since total consumer debt (less houses) exceeds $1 trillion, maybe by a lot. Hmmm.
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