Tag: consumer credit
Deleveraging begins according to Fed data
Back on September 29th I wrote this post regarding the concept of “deleveraging”. Over the past few decades American households and corporations were addicted to debt. We used credit cards, home equity lines of credit, mortgage loans, auto loans, etc. to accelerate our consumption. However, our unabated use of debt lead us to where we [...]
Posted: October 8th, 2008 under Debt, Personal Finance.
Tags: borrowing, consumer credit, Debt, deleverage, deleveraging, implications of credit crisis
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