“Consumers have clammed up,” said Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, who forecast a decline. “The reduction in consumer credit doesn’t stop here, and will spill over into 2009. Households are bolstering their balance sheets.”
consumer borrowing
![Consumer Borrowing Dropped $7.9 Billion In November](../../consumermediallc.files.wordpress.com/2012/06/010809-003-pigbank158.jpg?w=158&h=158&crop=1)
Consumer Borrowing Dropped $7.9 Billion In November
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1.8.09