Consumers Turn to Credit Cards

This happened several years ago as we headed into the last recession. It actually produced rising GDP numbers as people spent more on credit. Maybe it will be counted as a "positive" and part of the recovery this time as well by Bernanke and our chorus of liberal economic liars.
Consumers in U.S. Relying on Credit as Inflation Erodes Incomes – Bloomberg: www.bloomberg.com/news/2011-07-21/consumers-in-u-s….html

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