Revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday. That nudged the figure past the $1.021 trillion highwater mark reached in April 2008, just before the housing and credit bubbles burst. Over the past year, revolving credit has surged by $55.1 billion, or 5.7%, according to the Fed and Contingent Macro Research.
Revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday. That nudged the figure past the $1.021 trillion highwater mark reached in April 2008, just before the housing and credit bubbles burst. Over the past year, revolving credit has surged by $55.1 billion, or 5.7%, according to the Fed and Contingent Macro Research.
Guys this isn’t Obama/Bush/Trump. This shows that people fall back on bad habits and never learn lessons. People should know that the economy swings back and forth between depressions/recessions to Booms, but people are stupid. Same as always.
Guys this isn’t Obama/Bush/Trump. This shows that people fall back on bad habits and never learn lessons. People should know that the economy swings back and forth between depressions/recessions to Booms, but people are stupid. Same as always.
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