– Student And Car Loans Go Exponential, Courtesy Of Uncle Sam (ZeroHedge, Nov 7, 2014):
Another month, another $14.5 billion increase in student and car loans, offset by a measly $1.4 billion in credit card debt, following last month’s upward revised $200 million drop in revolving debt. Total consumer debt in September increase by $15.9 billion, just below the $16.0 billion estimate, and the problem is that with the Fed’s credit injection fading, someone has to step on the borrowing pedal. Alas, if one takes away student and car loans, the credit creation is not nearly enough to push US consumption higher. In any event, the most amusing chart is the following. It simply screams sustainable.
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