11/06/2015

Consumer Credit Has Biggest Jump In History, Led By Government-Funded Car And Student Loans



If there was any confusion where all those soaring new car sales are coming from, we now have the definitive answer: moments ago the latest consumer credit data for September was released, and surging by $28.9 billion - a 4.9% jump Y/Y - not only did this smash expectations of a "modest" $18 billion rise, this was the biggest monthly increase ever!  Read more

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