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Almost Entire Drop in 2009's Credit Card Balances Was Written Off Bad Debt, not Americans Paying Off Debt

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A fascinating story via AP, which shows how difficult it is to simply read the headline data and make a judgement.  We see this happen every morning where assessments of data are made within seconds of the headline crossing, and billions of market capitalization adjusted accordingly. 

 
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Created by 12monkeys 1 year 47 weeks ago – Made popular 1 year 47 weeks ago
Category: Fundamental Analysis   Tags: