Some truly Ugly figures on Credit in the US.
But if you look carefully you can see the Cash for Clunkers scheme worked a treat in reversing (almost) the exponential slide in Auto credit. I SO look forward to Octobers hang over figures;)
Now if they can only stimulate the rest of the nations credit with Mana from Heaven Bernanke would be crowned the greatest conjurer since Houdini or if you wish "Lazarus with a triple by pass"