Congratulations Debt Slaves! You Owe The Banks A New Record Amount Of Money

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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Flat Broke 5 years ago Member's comment

Wowzers! Well that ain't good news.