Tag Archives: employment figures
News that Moves: Massive Drop in Consumer Credit, Truth Behind the Employment Figures, Geithner’s NY Times Op-Ed
Zero Hedge: The latest G.19 filing shows a massive drop in both revolving and non-revolving consumer credit, which has fallen to a one year low at $2.551 trillion, an $11 billion reduction sequentially in credit, split about even between revolving and non-revolving. RCM Comment: The government is trying desperately to spend its way out of this recession, but it cannot […]