CONSUMER CREDIT EXPLODES HIGHER BY $20.3 BILLION IN NOVEMBER

American Express Credit Card

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MONSTER NUMBER.Consumer credit jumped by $20 billion in November.

That’s well ahead of the $7 billion that was expected, the $7.6 billion from the month previously, and in fact, according to Dow Jones, it’s the biggest expansion in a decade.

Revolving credit in November grew at a blistering 8.5% rate. Nonrevolving grew by over 10%.

Wow!

The full announcement an be found here.

Here are the full tables.

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