Tue, 10 Jan 2012 07:50:07 GMT
US Consumer borrowing jumps to decade record high in November
Consumer borrowing in
US rose in November reaching a 10-year record-high indicating households feel
safe to borrow and financials are ready to lend. Consumer Credit surged by
$20.4 bn, the biggest increase since November 2001, to $2.48 trillion,
said Federal Reserve. Analysts questioned by Bloomberg predicted an expansion
of only $7 bn.