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Home › Forums › Financial Markets/Economics › Anyone see the new Consumer Credit (and revised) Numbers?? WOW

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  • August 7, 2007 at 2:39 PM #9748
    GoUSC
    Participant

    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…

    August 7, 2007 at 3:02 PM #71461
    bsrsharma
    Participant

    “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.

    August 7, 2007 at 3:02 PM #71576
    bsrsharma
    Participant

    “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.

    August 7, 2007 at 3:02 PM #71584
    bsrsharma
    Participant

    “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.

    August 7, 2007 at 5:28 PM #71533
    what_a_disasta
    Participant

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

    August 7, 2007 at 5:28 PM #71649
    what_a_disasta
    Participant

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

    August 7, 2007 at 5:28 PM #71654
    what_a_disasta
    Participant

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

    August 7, 2007 at 8:38 PM #71585
    kewp
    Participant

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

    August 7, 2007 at 8:38 PM #71702
    kewp
    Participant

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

    August 7, 2007 at 8:38 PM #71709
    kewp
    Participant

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

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