from breitbart / AP ...
"Consumer Borrowing Falls in October
Dec 07 3:06 PM US/Eastern
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON
Consumer borrowing fell in October by the largest amount in 14 years, reflecting a big drop in auto loans.
The Federal Reserve reported Thursday that borrowing declined at an annual rate of 0.6 percent in October following a revised 2 percent increase in September. It was the biggest drop since a 1 percent plunge in October 1992.
The weakness last month came from a huge falloff in demand for auto loans and other types of non-revolving credit, which declined at a rate of 3.3 percent in October, following a small 0.4 percent gain in September. "
It would appear that the US consumer is finally running out of credit !



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love ya Mel!) who did nothing but by and sell intangibles are going out of business or moving over seas.

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