Americans are borrowing less? Not at all. They are still borrowing more than last month, or even last year. But the rate of growth of that borrowing is decreasing! Whee! Don't you feel better now?
Meanwhile, there is a great fear of an economic slowdown in the U.S. And Iran is thinking of buying and selling oil in a currency other than the dollar.
View http://news.yahoo.com/s/ap/20060505/ap_on_bi_go_ec_fi/consumer_credit;_ylt=AuogCCMGtgmsa2e3hjnVFA3v5rEF;_ylu=X3oDMTBjMHVqMTQ4BHNlYwN5bnN1YmNhdA for the article.