Belittled in the bull market, the software giant’s cash hoard could help its stock during tough days ahead
12/19/2008
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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December 23rd, 2008 at 3:29 pm
This blog used to have analysis. Now it’s just a link farm and a forum for bitching about free-markets and deregulation. Oh, and a welcome forum for those who think raining money from the sky can solve our financial problems (no offense roubini/other neo-keynesian econostrologists)
December 23rd, 2008 at 7:32 pm
vic liked this site before it was trendy
December 24th, 2008 at 1:21 am
vic is a welfare queen who doesn’t want to pay for good analysis.
December 24th, 2008 at 2:57 am
I would like to somehow morph the Yogi Berra-ism “no one goes there anymore — it’s too crowded” in a way that vic might use to describe this site. But, my mighty morphin powers are weak…
To some extent, I can see vic’s point. But, I’m not sure it’s a problem. Or, even if it is, I’m not sure what to suggest.
…
(I’m just full of answers tonite.)