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Message
re: Inflation Watch -- Last Week of Feb-2013 Edition
Posted on 3/16/13 at 1:45 pm to Interception
Posted on 3/16/13 at 1:45 pm to Interception
quote:
Maybe the consumer credit levels are being boosted by revolving credit and non removing credit?
I'm not sure what the definition of non-removing credit is, but revolving credit is slumping in a major way, still well over 15% below it's July 2008 peak of $1.028 trillion.
I've gotten into arguments on here before about why that's the case, but whatever the reason why, historically speaking revolving credit has never taken anywhere near this long to bounce back.
I posted the stats link above, but here it is again: LINK.
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