Thursday, October 7, 2010

Consumer Credit Breakdown

Reuters details:

Total consumer credit outstanding declined for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 seventh straight month in August as credit card debt continued to fall.

The Federal Reserve said on Thursday total outstanding credit, which covers everything from car loans to credit cards, fell by $3.34 billion after dropping $4.09 billion in July.
Looking a bit longer term, we see how cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 composition of those debt "holders" has changed.



Commercial banks had to take loans that were hidden off-balance sheet... back (though cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 combined level of securitized + commercial loans continues to default contract) and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government continues to take on more credit risk (up more than $150 billion over cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 past three years) in an attempt to stimulate cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy / pump $$ back into banks.

Source: Federal Reserve

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