Top
New York  London  GMT  Tokyo  Sydney 

Consumer credit continues to crater

By Jamie Coleman  || November 6, 2009 at 20:04 GMT
|| 0 comments || Add comment

Lack of supply? Lack of demand? Tough to say, but what is clear is that the consumer is not borrowing, either by choice or necessity. Consumer credit declined another $14.8 bln in September.

Consumer confidence has been weak, credit has been tight and employment softening…Not a good formula for a sustained economic rebound.

EUR/USD trades with a heavy tone, now at 1.4835 with an hour left until stocks and bonds call it a day.

Share and Enjoy:
  • Print this article!
  • E-mail this story to a friend!
  • Yahoo! Buzz
  • Google
  • Live
  • Digg
  • del.icio.us
  • TwitThis
  • Facebook
  • Mixx
  • Spurl
  • StumbleUpon
  • LinkedIn
  • NewsVine

Add a comment



The content of this field will not be shown publicly.




Bottom