Nonrevolving Consumer Credit Surges In May The Most In History As Wells Fargo Shutters Its Personal Lines Of Credit (Well, THAT Escalated Quickly!)

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by confoundedinterest17

The Federal Reserve released its monthly consumer credit report for May and its a doozy. Non-revolving credit increased the most in history!

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At the same time, Wells Fargo announced it is shutting down all personal lines of credit.

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The 10Y/3M and 10Y/2Y Treasury curve continue to tank.

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