Q&A: Janet Tavakoli
By Barry Ritholtz - July 16th, 2009, 4:30PM
Hat tip Zero Hedge
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%...
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July 16th, 2009 at 5:35 pm
That interviewer is one of the worst.
July 16th, 2009 at 6:53 pm
Wha? Brian Lamb is great!
July 17th, 2009 at 12:10 am
“That interviewer is one of the worst.”
Who should have been doing the interview? Becky Qwick? Maria Bartiromo? Sean Hannity?
July 17th, 2009 at 12:26 am
@FrancoisT
Dennis Kneale, who else?
This is an oldie but a pretty good watch IMO