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The “resilient” American consumer seems to be running out of gas. Americans are still running up credit card debt but at a much slower pace. Meanwhile, borrowing for big-ticket items has cratered. Total consumer debt rose by $5.2 billion in October, according to the latest data from the Federal Reserve. That was a relatively small […]
The post Consumer Borrowing Slows; Is the “Resilient” American Consumer Running Out of Gas? first appeared on SchiffGold.