It will likely not come as a big surprise that at a time when US personal savings are once again declining, perhaps as a result of soaring health insurance costs, that US consumers are forced to borrow increasingly more to make ends meet. And, as expected, the latest consumer credit report confirmed this, when moments ago the Federal Reserve announced that in August, total US credit surged by $25.9 billion on a seasonally adjusted basis, smashing expectations of a $16.5 billion increase, and the third biggest monthly jump since 2001.Zero Hedge
Consumer Credit Has Second Biggest Jump On Record, As Student And Car Loans Soar
Submitted by Tyler Durden
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Chinese consumers have record high leverage, mostly on housing
http://www.wsj.com/articles/chinas-latest-property-bubble-more-perilous-than-last-one-1475860134
The government banned new car producers from building new plants to produce more fossil fuel vehicles.
http://www.gov.cn/premier/2016-10/08/content_5116031.htm
And Robot sales in China have fallen by 50%.
http://www.reuters.com/article/us-robots-report-idUSKCN11Z1I2
Chinese trends today.
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