Release Date*: January 8, 2013
In November, consumer credit increased at a seasonally adjusted annual rate of 7 percent. Revolving credit increased at an annual rate of 1 percent, while nonrevolving credit increased at an annual rate of 9-1/2 percent.
Let me guess -- all the expansion was in student loans -- again?
Ah, not quite. There was still some expansion in car loans too. How nice.
But, Junior is still being bent over the table; the spread between the red and green lines continues to impress (and increase.)
Say thanks to your local University Provost.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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