Federal Reserve G.19 Report
Consumer credit decreased at an annual rate of 10-1/2 percent in July 2009.
Revolving credit decreased at an annual rate of 8 percent, and
nonrevolving credit decreased at an annual rate of 11-3/4 percent.
"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535
Federal Reserve G.19 Report
Consumer credit decreased at an annual rate of 10-1/2 percent in July 2009.
Revolving credit decreased at an annual rate of 8 percent, and
nonrevolving credit decreased at an annual rate of 11-3/4 percent.