Jurriaan Bendien wrote: > It looks to me like average US consumer interest rates (mortgages, car loans, general consumptive credit) are rising across the board, quite irrespective of Fed announcements and irrespective of economic conditions. The effect is, presumably, that the borrowing by Joe Average would slow down, since he cannot afford the loans so easily anymore. And indeed, the average credit card debt holding per household is decreasing, in the last years. <
that fall has a lot to with "de-leveraging," itself a response to past "over-leveraging," the Great Recession, and the resulting stagnation. It's not just a matter of interest rates. <http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/> -- Jim Devine / "Reality is that which, when you stop believing in it, doesn't go away." -- Philip K. Dick
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