American consumer debt shifts to credit cards

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American consumer debt shifts to credit cards

by Will L :: Rate this Message:

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American consumers are fearless to debts. Now, as it becomes harder to borrow against their house, they are borrowing more from credit cards.

http://bigpicture.typepad.com/comments/2007/07/borrowing-spend.html

This is all very predictable. Do you have any thoughts on how long this can last?