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Category: Jason Antonic
The Next Recession: The Coming Collapse of Consumer Credit
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written by Jason Antonic
According to the Federal Reserve[1],
"Consumer credit decreased at an annual rate of 5-3/4 percent in August 2009. Revolving credit decreased at an annual rate of 13 percent, and non-revolving credit decreased at an annual rate of 1-1/2 percent"
Total Consumer Revolving Credit Debt in this c...
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