Economic Recovery And Debt

Consumer debt up ticked in November. As goes debt burden, so goes the economic recovery. This unsustainable relationship will become a lesson forced by the market that will culminate in tears.

Total Consumer Credit Outstanding (TCCO) And YOY Change:


Headline: U.S. Nov. consumer credit up $1.35 bln

U.S. consumers increased their debt for the second straight month in November, the Federal Reserve reported Friday. Total seasonally adjusted consumer debt increased $1.35 billion, or a 0.7% annualized rate, in November to $2.402 trillion. This is the first two month gain in consumer credit since June and July 2008.

Source: marketwatch.com