Tuesday, July 9, 2019 12:13 AM EST
US consumer credit hit another all-time high today of nearly $4.1 trillion.
Congratulations Debt Slaves!
Today's G19 Fed report on Consumer Credit shows that you owe the banks and other creditors yet another record high amount of money.
Consumer Credit
- Total: $4.1 Trillion
- Revolving: $1.1 Trillion
- Non-Revolving: $3.0 Trillion
Well Done.
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
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Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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Wowzers! Well that ain't good news.