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http://www.businessinsider.com/consumer-...
Total U.S. consumer credit dropped by a bigger-than-expected $14.80 billion in September. September consumer credit outstanding fell at a 7.19 percent annual rate to $2.46 trillion. August's figures were revised to show a $9.86 billion drop. What's the point of all this? We sit here facing the single most overbought and overvalued stock market in U.S. history, where YEARS of 3% GDP is ALREADY PRICED IN. Yet on Main Street, people are facing something so close to a Depression that it might as well be called one. This market is going to crash. This is 1930. Rating :
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