Consumer Credit – June 2009 – 6th Monthly Contraction Straight

posted by Nima

August 10, 2009 · Posted in General Economics 

total-consumer-credit-US-june-2009

In June 2009 total consumer credit volume dropped to $2.48 trillion. It fell by $17.2 billion (0.7%) from May 2009 and a total of $110.5 billion (4.3%) since its peak in December 2008; an ongoing corollary of deflation, overall contraction, and ending consumerism.

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