market-ticker.org / By Karl Denninger / February 7, 2013, 17:18
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?