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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

2008-09-08 USER

Posted by Sada Mosler on September 8th, 2008


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Consumer Credit (Jul)

Survey $8.5B
Actual $4.6B
Prior $14.3B
Revised $11.0B

 
Lower than expected which could mean there was less spending than expected.

This is a very volatile series.

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Consumer Credit YoY (Jul)

Survey n/a
Actual 5.0%
Prior 5.4%
Revised n/a

 
Doesn’t look bad from this angle.

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Consumer Credit TABLE 1 (Jul)

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Consumer Credit TABLE 2 (Jul)


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