Consumer Credit Decrease

The American consumer is the primary force that drives the economy. The news that credit is expected to have shrunk another $9.3 billion in October, marks the ninth month of contraction; this is good news. This is the longest streak of declining consumer credit since data was first compiled in 1943; let's hope this continues. The only way to avoid another boom-bust economy is for the nation to get back to the basics, such as paying as we go and making things that others buy.