US consumer credit in freefall

But the situation is not as bad as it could be – without the US government the dip could be two times more.

In the non-revolving field, the government increased its share on the market from 98.4 (2007) to 217.1 billion $

Without this, the actual dip could be 273.8 billion $ instead of the current 155,1 billion$

And the other interesting point is the drop in the securitized assets ,and the growth in the commercial banks field at the beginning of this year J