US DATA: Dec consumer credit +$6.1b vs +$2.0b rev in Nov and +$7.7b
rev in Oct. Dec revolving +$2.3b and nonrevolving +$3.8b. NSA revolving
federal govt (incl Sallie Mae) +$1.4b for Dec. Before these revisions,
consumer credit had been steadily falling outside of student loans since
Jan’09 and erratically falling since Aug’08; now it looks like Q4 may
have been an inflection point.
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