Consumer Credit Plunges $10.5 Billion, Expectation Was $0.5 Billion, Consumer Credit Back To June 2007 Levels

So much for that "consumer is now releveraging" inflection point. Both revolving and non-revolving credit slides.Total credit down from 2,459.4 billion to 2,447.9 billion. Revolving credit down from $867.6 billion to $858.1 billion. We are now at June 2007 levels.

Full G.19

And the only increase in lending by source? Why the US government of course!