Aug 7 2009

The End of the Peak Credit Era: 3 Quarters of Contracting Consumer Debt. Credit Card debt Contracts on a Year over Year Basis for First Time Ever.

There is a small silver lining in the unemployment report released on Friday.  The positive side was the amount of people being fired slowed down in July (if you can call an annual rate of 3 million layoffs positive).  However, there is still a major reluctance for firms to hire.  We still have 26,000,000 unemployed […]

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