Thursday, May 24, 2012

 
 
 
 
 
Debt SURGE: U.S. consumers borrowed record amounts of money in November
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Monday, January 09, 2012
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From Economic Policy Journal:

Consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reports.

Monthly debt rose at a 10% annual rate in November, a much faster pace than had been expected by (surprise) Krugman-like Keynesian economists. They simply don't get that when the Fed prints money, it gets into the system.

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Topics: Credit_Cards | Inflation | Government_Stupidity
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