Sunday, June 07, 2009

Total Consumer Credit Outstanding Continues to Drop (Graph)

As you can see from the graph, Total Consumer Credit Outstanding Continues to Drop. This is an unusual pattern. After nine months down, we are now back to a level last seen during December, 2007.

If the trend continues at this pace, it will have a negative impact on GDP in the months ahead. This will certainly have an impact on future economic forecasts, consumption, and consumer spending.

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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