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re: Inflation Watch -- Last Week of Feb-2013 Edition

Posted on 3/16/13 at 1:45 pm to
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 3/16/13 at 1:45 pm to
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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