Yet another decline in consumer credit has some people relieved and others worried about the...

|By:, SA News Editor

Yet another decline in consumer credit has some people relieved and others worried about the recovery. Edward Harrison peers into the non-seasonally adjusted data and sees it actually up $7B, with an increase in nonrevolving credit making up for the decline in credit-card debt. Wait until the data incorporate "cash-for-clunkers," he says, to see if consumers are really deleveraging.