http://www.zerohedge.com/news/2013-10-07/fed-magically-creates-180-billion-student-and-car-loans-out-thin-air
Normally, we would report the change in total consumer debt (revolving and non-revolving) in this space, but today we will pass, for the simple reason that the number is the merely the latest entrant in a long series of absolutely made up garbage. It appears that in the "quiet period" of data releases, when the BLS realized its "non-critical", pre-update 8MHz 8086-based machines are unable to boot up the random number generator spreadsheets known as "economic data", Ben Bernanke decided to quietly slip a modest revision to the monthly consumer credit data. A modest revision,which amounts to a whopping $180 billion cumulative increase in non-revolving credit beginning in January 2006.
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