Total consumer credit in the United States expanded 7.8 percent at an annualized rate – or $18.1 billion – in February, ahead of expectations of a $15 Revolving credit – credit cards and the like – rose 0.8 percent at an annualized rate to $848 billion in December. Non-revolving credit – auto loans and the like – increased 10.9 percent at an annualized rate to $1.95 trillion. The rate of expansion in total consumer credit was up significantly from January, when credit expanded $12.7 billion.
Read more: http://www.businessinsider.com/consumer-credit-february-2013-4#ixzz2SbVJFztD
Consumer borrowing in the U.S. climbed less than projected in March as Americans reduced credit-card purchases for the first time this year. Just one bad report after the next. Has anyone looked at the true inflation rate lately? Last month I bought $32.61 dollars worth the groceries. I bought the same groceries yesterday and it cost me $35.26. It may not look like much, but do what I did and you will see what I am talking about. The underlying problem is the US dollar is losing value on a daily basis. Because of manipulation you may not see it much right now, if you short the US dollar. Soon they will not be able to manipulate it so easy and it will start dropping like a rock. Do your own check?...It's troubling!!!