Did the Rapture take all the consumer loans?

Discussion in 'Economics' started by Covertibility, Jun 13, 2011.

  1. <IMG SRC=http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=CONSUMER&scale=Left&range=Custom&cosd=2002-01-01&coed=2011-05-01&line_color=%230000ff&link_values=false&line_style=Solid&mark_type=NONE&mw=4&lw=1&ost=-99999&oet=99999&mma=0&fml=a&fq=Monthly&fam=avg&fgst=lin&transformation=pc1&vintage_date=2011-06-13&revision_date=2011-06-13>

    What's with the dropoff?? Rapture? Ending of the QE2? No one seems to be reporting this.

    Edit: Nevermind, Fed changed in how it accounts for consumer loans. For some reason, can't delete threads. Consumer loans in another measure are in decline but not as bad as that chart.