I’m was a always a huge C&H fan, but really! Why do I get 14 if these a day? (heh) I am posting this only to stop for the email flow.
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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January 11th, 2009 at 4:13 pm
COOL!!! other than the part about employees getting high wages and benefits it fits!
January 11th, 2009 at 4:51 pm
From Libertarian to a gated community Marxist. That’s about right for the 10% that own 85% of all stocks in America.
Speaking of “subsidies” (ain’t that a nice word?), look at this:
http://community.seattletimes.nwsource.com/favorfactory/favorfactory_2008/
January 11th, 2009 at 9:28 pm
You got the rights from the copyright owner to publish this on your blog? Or is this fair use according to Title 17 U.S.C. Section 107?
January 12th, 2009 at 11:10 am
Why Forester Finished First
Yet Forester Value was the only one to end 2008 in the black — even if just by 0.4%.
“Most mutual funds have the ability to do what I did,” Mr. Forester told me on Monday. “It’s just that nobody does it. Somebody ought to be watching the downside once in a while.”
He’s right. Let it be said that 2008 was the year America’s fund management industry was tested and found lacking. The typical mutual fund, as we know it, is a failure.
Looks like _some_ folks don’t need subsidies :p