I was deeply saddened to read early this morning that Doris Dungey, better known as Tanta of Calculated Risk, has passed. She had been ill for some time, but one always holds onto hope that a condition might improve.
The news of her passing already generated over 1000 comments here.
We are all that much poorer for her no longer being with us . . .
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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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December 1st, 2008 at 8:06 pm
even those of us that only new her through CR, were deeply saddened. she was very special and sincerely appreciated by far more than she knew… i’m sure most of us have left a comment on the CR blog… the number was nearing 1000 at last look.
December 1st, 2008 at 8:44 pm
It’s been a very sad day. We’ll miss Tanta.
December 2nd, 2008 at 12:15 am
Ask not for whom the bell tolls….
December 2nd, 2008 at 2:06 pm
Brief article on her:
http://www.nytimes.com/2008/12/01/business/01tanta.html?_r=1&adxnnl=1&adxnnlx=1228244625-s5X0gXuR1ppnjMt3zMxEzA