Congratulations Debt Slaves! You Owe the Banks a New Record Amount of Money
Consumer credit hit another all-time high today of nearly $4.1 trillion.
Congratulations Debt Slaves!
Today's G19 Fed report on Consumer Credit shows that you owe the banks and other creditors yet another record high amount of money.
Consumer Credit
- Total: $4.1 Trillion
- Revolving: $1.1 Trillion
- Non-Revolving: $3.0 Trillion
Well Done.
Mike "Mish" Shedlock