federal reserve: Consumer Credit Debt Finally Declining In US! - 09/14/09 08:22 AM
I was initially surprised to hear the Federal Reserve claim that consumer credit debt fell in July of this year by $21.6 billion which is an annual rate of 10.5%!  It was the biggest decline since record keeping began in 1943.
After I thought about it, I realized that the credit tightening and write downs of existing debt probably both had a lot to do with these numbers, not just consumer spending habits and desires.
Just another $2.47 trillion to go before we balance the consumer debt in this country!  
(2 comments)

 
Jim Paulson, Owner,Broker (Progressive Realty (Boise Idaho) www.Progressive-Realty.info) Rainmaker large

Jim Paulson

Owner,Broker

Boise, ID

More about me…

Progressive Realty (Boise Idaho) www.Progressive-Realty.info

Address: Boise Real Estate, Located Virtually Everywhere, Boise, ID, 83709

Office: (208) 573-0471

Mobile: (208) 573-0471

Email Me

Jim Paulson would like to be your Realtor. He is the Past President of the Idaho Chapter of the Council of Residential Specialists (2014) also the Past President of the Ada County Association of Realtors (2010). Jim has nearly 25 years being a licensed Idaho Realtor. Jim Paulson is a member of the Greater Boise Chamber of Commerce and he is the owner and broker of Progressive Realty Corporation which is an A+ accredited business with the Better Business Bureau. Jim is one of the few Realtors in Boise Idaho that has earned the "top producer" designation in excess of ten times in his career so he is a proud to be honored as a Lifetime Member of the Circle of Excellence by the Ada County Association of Realtors. Before you hire a Realtor, be sure to interview Jim Paulson and compare the difference 25 years of experience selling Idaho real estate makes! http://www.IdahoMLStours.com Http://www.Progressive-Realty.info


Listings

Links

Archives

RSS 2.0 Feed for this blog