
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
http://moneymaven.io/mishtalk/economics/congratulations-debt-slaves-you-owe-the-banks-a-new-record-amount-of-money-OGCUHT9blECZAq3DXdmzeQ/

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.