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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (201007)	5/7/2009 3:25:50 PM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

Is this bullish too? Consumer credit falls at fastest pace in 18 years US consumer credit falls in March at fastest pace in over 18 years as recessions deepens Martin Crutsinger, AP Economics Writer On Thursday May 7, 2009, 3:04 pm EDT Buzz up! Print WASHINGTON (AP) -- Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades. The Federal Reserve says consumer borrowing dropped 5.2 percent in March, the biggest decline since an 8.1 percent fall in December 1990. In dollar terms, consumer borrowing plunged by $11.1 billion. That's the largest dollar amount on records dating to 1943, and more than three times the $3.5 billion drop that economists expected finance.yahoo.com