market-ticker.org / By Karl Denninger / February 7, 2013, 17:18
Oh boy, December consumer corn-holding data from The Fed today…
Release Date*: February 7, 2013
Consumer credit increased at a seasonally adjusted annual rate of 6-1/2 percent during the fourth quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 9-1/2 percent. In December, consumer credit increased at an annual rate of 6-1/4 percent.
Ok, ok, is that true?
And are our young adults getting another reaming?
Let’s look.
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