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marketwatch.com - 20 days ago
Consumer debt drops for record 8th straight month
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WASHINGTON (MarketWatch) - Outstanding consumer debt fell at a 7.2% annual rate in September, the eighth consecutive decline, the Federal Reserve reported Friday. Consumer credit fell by $14.8 billion to $2.46 trillion in September, down 4.7% compared with a year ago. Outstanding credit can ...

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Calculated Risk:  Consumer Credit Declines Sharply in September

naked capitalism:  Links 11/7/09

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Consumer Credit Declines Sharply in September
Calculated Risk — From MarketWatch: Consumer debt drops for record 8th straight month Outstanding consumer debt fell at a 7.2% annual rate in September, the eighth consecutive decline, the Federal Reserve reported Friday. Click on graph for larger image in new window. This graph shows the year-over-year (YoY) change in consumer credit. Consumer credit is off 4.7% over the last 12 months - and falling fast. The previous record YoY decline was 1.9% in 1991. Here is the Fed report: Consumer Credit ...

Links 11/7/09
naked capitalism — ... entails. The second was, after I was told I would have to wait three weeks to get broadband (!) because there were no open ports in my local office, finding an open port on my own and using that info to insist they give me service sooner. This post is further confirmation that all the bad things said about Testra are accurate. “Demystifying Social Knowledge” Mark Thoma What does Google Suggest suggest about the state of humanity? CNet Consumer debt drops for record 8th straight month MarketWatch (hat tip reader John D) ...

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