Relevant:
- Consumer Borrowing Up Sharply in August
- U.S. consumer credit surges on increased credit card use
- Consumer Borrowing in U.S. Rose at Faster Pace in September (REJOICE!)
- Subprime Consumer Loans Are Flourishing
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
2011-11-09 — ml-implode.com
``The bottom-line... much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one... Oh, and by the way... the other kind of borrowing... you know, the kind that really would indicate that things were looking up for American households, credit card borrowing actually DECLINED by one percent or $627 million.''
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