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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ScatterShot who wrote (393969)9/8/2009 6:48:31 PM
From: S. maltophilia1 Recommendation  Read Replies (1) of 436258
 
I think what these reports are trying to say is that consumer debt fell by 21.6 billion in July, and that if it did the same thing for another 11 months, it will be ~10% less than where it started. Meaningless and lamely reported. But editing is so 20th century.

...in July as banks restricted lending terms and job losses made Americans reluctant to borrow.
Consumer credit fell by a record $21.6 billion, or 10 percent at an annual rate, to $2.5 trillion, according...
-Bloomberg

thestreet.com is even sloppier.
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