Tuesday, Sep 08, 2009
Recent frugality could strangle the recovery
MarketWatch: Consumer credit down record amount in July
This is the sixth straight monthly drop in consumer credit -- the longest consecutive string of declines in credit since the second half of 1991.
Posted by devo @ 09:47 PM (497 views) Add Comment
2 Comments
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1. dgj said...
I see this as good so people aren't going artificailly rise house prices, its seems now though with QE that its being done anyway!
2. Bearly Legal said...
Frugality is the recovery (of sanity that is). Time to live on earnings, not borrowings.