Word Paintings
By Barry Ritholtz - November 19th, 2008, 5:03PM
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 19th, 2008 at 6:23 pm
Really easy to do. Write whatever you want and then transpose a photo on top of it to colorize.
November 19th, 2008 at 7:08 pm
Not exactly. Only the words have color. And smaller color sections user smaller fonts. The larger color sections have the largest fonts. The quality isn’t high enough to see down to the smallest letters, but you can make out that they are letters.
November 19th, 2008 at 8:50 pm
I wonder if the fact that Einstein’s personal life was so dreadful had something to do with his obsession with finding answers to physics questions. They say that to achieve at a very high level you need to have something to push against. I what what Obama’s reaction block is.