US Consumer Credit: Headline strengthens, details more mixed

US Consumer Credit increased USD 7.386 bln, exceeding expectations of a USD 5,150 bln rise over the month of September. Though the prior month's USD 9.682 bln fall was revised down a bit, but the fact that this month's number is back in positive territory is "a good thing" (as convicted felon Martha Stewart would say).

However,
'revolving credit', which doesn't include federally-backed student loans or rock-bottom fixed-rate mortgages are not doing as well:

This suggests the deleveraging process in the household sector is far from over. Personally, I think it's best to get the whole deleveraging process over and done with already, so we can start a new cycle based on solid foundations. Yes, there will be a few tough quarters, but affter that there is nowhere to go but up.

Alas, our great leaders in Washington (and practically everywhere else) prefer a slow bleed. One way of another, the debt that financed consumption over the past couple of decades must be eliminated-- either through pating it down, writing it off, or some combination thereoff.