The Market Is Tanking On The Weak Consumer Credit Number

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Photo: commons.wikimedia.org

Wow, haven’t seen a decline like this in a a while.The Fed just came out with some very ugly consumer credit numbers, and the Dow is now down about triple digits.

On a sequential basis, consumer credit fell 5%, way worse than expected.

Here’s the full announcement from The Fed.

Below is the chart:

consumercredit

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