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wrote in message ... Consumer debt outstanding rose a seasonally adjusted $6 billion in July to total $1.774 trillion, the nation's central bank said. Overall June consumer credit was revised upward, to a gain of $100 million, from the initially reported $400 million drop. I wonder who's going to prop the economy now? We've got who knows what propping the stock market, and reckless consumers propping the economy, You mean the Fed's monetary policy is finally having an effect? All of that cheap money is getting people to borrow money and buy stuff? The other thing getting people to buy stuff is the extra money they got as a tax rebate...and the extra money in their paycheck each week. Welcome to Macroeconomics 101, aeronaut. Hopefully, you're not "still wondering who's propping the economy". |
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