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Consumer credit continues to crater

By   || November 6, 2009 at 20:04 GMT
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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.

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