Links: 2013-01-08

North America
Consumers Take on More Debt - Real Time Economics - WSJ
"U.S. consumers’ overall borrowing expanded in November at a quicker pace than the previous month, led by bank loans and student borrowing.The total outstanding dollar amount of credit card, auto and other loans excluding home loans increased from October by a seasonally adjusted $16.05 billion to $2.768 trillion, a Federal Reserve report showed Tuesday.Consumer credit rose at a 7% annualized rate in November, after expanding 6.17% the previous month. That marks the fourth straight month of gains."
'Joke' Solution to Debt-Ceiling Clash Gets Serious Study - WSJ.com
"What if Washington's next debt clash, widely expected to be as bitter as the "fiscal cliff" fight, could be resolved with the minting of a $1 trillion coin?Th...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More