One's Observations

A collection of some things I observe along the way.


"The chart below shows the change in the composition of those entities holding the outstanding stock of consumer debt." (Economic PicData Post)

"Americans borrowed less for the sixth consecutive month in July, fueling concerns that strained consumers will stall an economic recovery."

"People shed debt by choice and by force, reflecting a combination of the thrifty attitudes and tighter lending conditions that have defined the recession. Total borrowing, which includes most consumer loans except real estate, decreased at a 10.4% seasonally adjusted annual rate in July to $2.47 trillion, the Federal Reserve said Tuesday. July's $21.6 billion drop from June was a record; total credit had declined at a 7.4% annual rate in June." (Wall Street Journal Article)


Dr. Dave said...

Frugality...the new American necessity.


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