Relevant:
- Consumer Credit Soars As US Government Encourages Student, Car Loan Bubbles
- U.S. consumer credit surges on increased credit card use
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- Student Loan Crisis Deepens as Debts and Defaults Skyrocket
2012-04-09 — blogspot.com
``(1) There has been virtually no recovery in consumer non-revolving credit. (2) There has been virtually no recovery in consumer revolving credit. (3) Rising student loan debt is a major problem, not a sign of economic strength.'' -- The final chart in this is a must-see.
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