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AMERICAN EXPRESS CO (AXP) 40.93 red arrow -$0.21 (-0.51%) 06:11PM (15 mins delay)


Consumer Credit Decline Continues

Nov 06, 2009 - 4:24 PM EST

Consumer credit fell again in September actually picking up pace from the August decline. The total decline was 7.2% year over with revolving credit increasing its decline to 13.3%. De-leveraging continues as consumers continue to fix their balance sheets. The stock market, of course, could care less.

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Source: Seeking Alpha (Nov 06, 2009 - 4:24 PM EST)



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