Consumer Credit Has Fallen Off A Cliff by Bill Bonner Consumer credit has fallen off a cliff. Interesting, huh? What does that mean exactly? It means Americans aren’t borrowing…and they aren’t buying either. This weekend, The New York Times noticed: “Americans stop buying; trade deficit declines” begins the headline. This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money. Ten years closer to