President Bush says summit leaders have agreed to a number of terms to coordinate and modernize their financial systems in the hopes of keeping the global economic crisis from getting worse.
G20 Summit Leaders Endorse Goals
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Obama statement on G20 Summit
11/15/2008
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%...
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November 16th, 2008 at 10:10 am
I can’t get a good link to play these?