Consumer Borrowing Posts Rare Gain in September
November 07, 2010 at 12:17 PM EST
This is how it all starts. The $10.1 billion gain in non revolving is the key. That, along with housing, is the borrowing to spend the drives consumer credit expansions. And the ongoing federal deficit spending continues to add to savings via less credit card debt that’s generally used for current consumption. It’s only one [...]