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To: Cogito Ergo Sum who wrote (83214)	10/7/2009 4:54:16 PM
From: Keith Feral	Read Replies (1) \| Respond to of 118717

I heard that on CNBC today - 7 months of consecutive contraction for consumer credit. That's a good thing in my book. With housing prices where they are at, I think consumer credit will continue to contract for at least another year. You certainly don't need a credit card to shop at the mall these days. You don't need to take out a HELOC to finance an underpriced foreclosure. The return to the old normal is a deviation from the new normal that ended in 2006 in which people were inspired to take excessive risks with their personal finance from 30 years worth of uncorrected housing inflation in the US.