That Stubbornly High Credit Card Debt

Felix Salmon submits:

Total credit-card debt outstanding dropped by $93 billion, or almost 10%, over the course of 2009. Is that cause for celebration, and evidence that U.S. households are finally getting their act together when it comes to deleveraging their…

March 11th, 2010 | Posted in Seeking Alpha | No Comments

Consumer Credit Declines Sharply in August

From MarketWatch: U.S. consumer credit falls for 7th straight month

U.S. consumers reduced their debt for the seventh straight month in August, the Federal Reserve reported Wednesday. Total seasonally adjusted consumer debt fell $11.98 billion, or at a 5.8% annual rate…

October 7th, 2009 | Posted in Calculated Risk | No Comments