Tuesday, December 10, 2013

Consumer Debt Up 22% Over 3 Yrs.

It's back with a vengeance: Private debt
the debt party is back on in the U.S., whether it's in the boardroom or the living room
Amid the financial crisis of 2008, the U.S. went into what economists call a "debt deleveraging cycle"—akin to a credit hangover, where the party has ended and everyone there decides to quit drinking cold turkey
http://www.cnbc.com/id/101103819

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