The Onion on Obama’s Obsessive Supporters
By Barry Ritholtz - November 6th, 2008, 8:30PM
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%...
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November 6th, 2008 at 9:54 pm
Check out the tagline right at the very end, after the second ad:
“Dow Jones plunges on news of Dow Jones Plunge”.
Awesome.
November 7th, 2008 at 12:07 am
Really great. I guess it will balance out with my Republican friends that I sent them this earlier today about Palin not even knowing that Africa is a continent:
http://www.theregister.co.uk/2008/11/06/palin_and_africa/
November 7th, 2008 at 12:14 am
I just noticed an odd thing. I read the post, commented and then went to another site. When I came back to the home page of the blog, this entry was missing. I refreshed the page: no change. The post appears in the sidebar link to “recent posts, but the only way to get to it is through that link.
Anyone else see anything like this?
November 7th, 2008 at 8:42 am
Yes, there has been some posting flakiness.
November 7th, 2008 at 8:27 pm
It was funny but that’s what true political change is made of, mass obsession.