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Yes, your last two #FRED charts show that consumer borrowing is actually a greater percentage of consumer spending than in the past. There is something dangerous about that, as you conclude, Steven.
November 2016 Consumer Credit Headlines Say Year-Over-Year Growth Rate Accelerated
Yes, your last two #FRED charts show that consumer borrowing is actually a greater percentage of consumer spending than in the past. There is something dangerous about that, as you conclude, Steven.