The History of the Internet (Animated Infographics)
By Barry Ritholtz - January 10th, 2009, 3:00PM
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%...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
Entries (RSS) and Comments (RSS).
January 10th, 2009 at 4:02 pm
Loved the graphics. But for ‘history’ this seems a bit too loose: too Euro-focused, too vague about dates and specific contributions. For example, they seem to claim that somehow the French and English contributions were equal to that of DARPA/ARPANET. My understanding (admittedly 3rd hand) was dramatically different. I’d like to hear if someone out there has a reference book or url that they feel has a more detailed history and chronology.