Anyone see the new Consumer Credit (and revised) Numbers?? WOW

[GoUSC]

May was revised to 12.8bn (revolving) from 9.8bn. And the June number was 8.4bn. The American consumer continues to load up on credit card debt!

Man this is going to all come crashing down pretty hard I think…

[bsrsharma]

“American consumer continues to load up on credit card debt!”

HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.

[bsrsharma]

“American consumer continues to load up on credit card debt!”

HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.

[bsrsharma]

“American consumer continues to load up on credit card debt!”

HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.

[what_a_disasta]

I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

[what_a_disasta]

I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

[what_a_disasta]

I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

[kewp]

Can’t the big institutions put the brakes on this by raising minimum payments?

[kewp]

Can’t the big institutions put the brakes on this by raising minimum payments?

[kewp]

Can’t the big institutions put the brakes on this by raising minimum payments?

[Author]

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