US Consumer Credit Soars (+8.1%) To Pay For Bidenflation (+8.2%) As Personal Savings Craters -59.3% YoY

How bad is inflation under Biden?

Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%.

Of course, Biden is his tone-deaf manner told Americans to buy a cheaper brand of bran cereal.

What a complete and utter mess under Inflation Joe and Foul Powell (on the prowl).

Oh and Treasury liquidity sucks too,