Consumer Credit Decline Continues

Includes: AXP, BAC, COF, DFS, MA, NCC, V
by: Cullen Roche

Consumer credit fell again in September actually picking up pace from the August decline. The total decline was 7.2% year over with revolving credit increasing its decline to 13.3%. De-leveraging continues as consumers continue to fix their balance sheets. The stock market, of course, could care less.