Viva La Vida by Coldplay
By Barry Ritholtz - November 7th, 2008, 6:00PM
"My formula for success is rise early, work late and strike oil." —John Paul Getty
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 8th, 2008 at 11:13 am
Are you paying royalties, or just stealing the content?
November 8th, 2008 at 6:20 pm
Neither: Its via iMeem, which complies with content/copyright rules, and does not allow the full the reproduction of songs on their site.
Now, why would you assume that paying royalties/stealing were the only options ? Are you unfamiliar with Doctrine of Fair Use?