Consumer Credit February 2009

posted by Nima

April 8, 2009 · Posted in General Economics 

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From January to February 2009 consumer credit outstanding in the US has dropped by $27.5 billion or 1.1%. This is the largest monthly drop since January 1998.

This is just the beginning of a massive unwinding of consumer credit and a corollary of The End of Consumerism. Advertisement: Get your shortlink before someone else does at

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