FTR
By Barry Ritholtz - November 22nd, 2008, 8:00PM
Recess Is On: Enjoy your Saturday night
(Warning: Video is rated “R” with a few F bombs)
Hat tip: The Stock Speculator
Macro Notes
Consumer Credit continues downward trendPeter Boockvar
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
Entries (RSS) and Comments (RSS).
November 22nd, 2008 at 8:22 pm
loved it! not sure what the subliminal message was but it left me smiling (and was generous with my favorite, unspoken word!)
November 22nd, 2008 at 10:09 pm
A few F bombs. LOL
November 22nd, 2008 at 10:42 pm
Thanks for the hat tip! Nice Saturday night surprise seeing my little blog on your site. Thanks again.
November 22nd, 2008 at 10:47 pm
The Stock Speculator is a gold mine! Seek it out, you’ll find one nugget after the other, here’s another big one:
http://thestockspeculatorsays.blogspot.com/2008/11/i-love-coffee.html
November 22nd, 2008 at 11:07 pm
Karen, you didn’t leave an email otherwise I would have sent this privately, but thank you for the compliment.
November 23rd, 2008 at 12:33 am
I didn’t know ravers commented on economics. Now, I know!
November 23rd, 2008 at 12:42 am
Maybe “FTR attitude” is all the last 4 years really were? Nice site TS, like Karen said, some real nuggets there.