December consumer credit rose $3.1 billion
Must have been the holiday shopping sprees that put the amount of total United States consumer credit up over $2 Trillion.
"U.S. consumer credit rose by $3.1 billion, or a 1.8 percent annual rate, in December to a record seasonally adjusted $2.104 trillion."
An interesting comment regarding these figures:
"Mellman said that consumer credit hasn't been a good indicator of spending or borrowing lately because home owners are tapping home equity loans instead of consumer credit."
From CBS Marketwatch
"U.S. consumer credit rose by $3.1 billion, or a 1.8 percent annual rate, in December to a record seasonally adjusted $2.104 trillion."
An interesting comment regarding these figures:
"Mellman said that consumer credit hasn't been a good indicator of spending or borrowing lately because home owners are tapping home equity loans instead of consumer credit."
From CBS Marketwatch
posted by Dave at 4:54 PM
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