Consumer credit outstanding surges
- Feb credit revised to $14.15B vs $17.21B expected
In the final analysis of this era (about the past 40 years). It will be glaringly obvious that all the marginal growth in the developed world was purely due to credit growth.
Take away credit cards, student loans and a massively overleverage public and there has been progress at all for 90% of people in the developed world.
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