US consumer credit fell by a record $17.5B in November

By IBTimes Staff Reporter | January 08 2010 3:23 PM

FXstreet.com (Barcelona) - American consumers are still worried about their economic future as demonstrated by the record-setting $17.5B drop in consumer credit in November of last year.

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This unheard-of collapse comes in far under market forecasts of a more modest decline in the $5.0B range in line with the $4.2B drop in October.

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