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Thursday, April 8, 2010

Mish's Global Economic Trend Analysis: Consumer Credit Drops $11.5 Billion, 5.6% annualized, 12th drop in 13 Months; Increase In January was a Mirage related to Student Loans

Mish's Global Economic Trend Analysis: Consumer Credit Drops $11.5 Billion, 5.6% annualized, 12th drop in 13 Months; Increase In January was a Mirage related to Student Loans
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1 comment:

  1. News FeederApril 8, 2010 at 12:18 AM

    Revolving and Non-Revolving accounts dropped...This translates as use of credit cards and new loans have decreased ...the increased that we saw on february was due to the government buying student loans from private companies

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