Barron’s Michael Santoli discusses what market patterns to expect in the closing days of 2008 and the beginning of 2009.
12/29/2008
"My formula for success is rise early, work late and strike oil." —John Paul Getty
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 30th, 2008 at 10:08 pm
Sound problems on Debian/Iceweasel(Mozilla).. Sounds like it’s channeling a red Lectroid via the 8th dimension.
December 30th, 2008 at 11:12 pm
Sound works fine on Ubuntu/Firefox, but all Barron’s video halt after about 5 seconds. It’s not Flash that has an issue, works fine everywhere else.