http://www.zerohedge.com/news/2015-12-07/credit-card-debt-barely-rises-october-both-student-and-auto-loans-surpass-1-trillion
After September's record surge in total
consumer credit, when non-revolving credit soared by $22 billion while
credit card jumped by a whopping $6.7 billion, something appears to
have snapped in October when according to the Fed, just $16 billion of
new credit was created, almost half the prior month, and far below the
consensus estimate of a $20 billion increase. And yet there is little
risk that debt-fueled spending on the two staples that have kept the
US credit machine chugging along, namely student and car loans, both of
which have just surpassed a total of $1 trillion in notional debt
outstanding.
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