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It's Back With A Vengeance: Private Debt

Sunday, October 13, 2013 - 8:05 AM
"Somebody has clearly turned the lights back on, though, and corporate and individual buying is soaring. Consumer credit, for instance, surged past the $3 trillion mark in the second quarter of 2013 and continues on an upward trajectory, according to the most recent numbers from the Federal Reserve."

It's back with a vengeance: Private debt
ShorebreakShorebreak2,671 posts since
Apr 6, 2010
Rep Points: 14,501
1. Sunday, October 13, 2013 - 1:58 PM
Sorry to see debt grow, but at least housing is getting out of the speculators hands who paid cash and more mtg loans by people who will live there and glad to see that educational loans are in the low interest rate gov loans and away from the high interest bank loans. 
Ally6770Ally6770930 posts since
Jan 16, 2010
Rep Points: 2,706
2. Sunday, October 13, 2013 - 2:06 PM
If the banks give more loans, maybe "we" can get a tiny nudge "up" in savings rates.  One can always hope.
paoli2paoli21,398 posts since
Aug 10, 2011
Rep Points: 6,129