6-Sigma Miss In Consumer Credit Confirms US Consumer Is Finally Down And Out Two months ago, when discussing what was at the time a record, $41 billion monthly burst in December consumer credit (both revolving and non-revolving), and which paradoxically hit just one month after a shocking collapse in revolving consumer credit… … we said that while the “surge in credit card usage may explain the burst in spending to end the year, there is only so far that an economy can be pushed with maxed out credit cards”, and warned that credit volatility like that – which took place… — Continue at ZeroHedge News : Read More
