consumer Archive

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

Consumer Borrowing Rises $5.1 billion

Down a bit from April, but the larger question is whether higher gasoline prices led to more borrowing to buy what previously was bought from income. Yes, savings is growing, but that is mainly in the form of reduced and unwanted private sector debt, and not dollars in savings accounts. Consumer Borrowing ...Read More

payrolls and sales

Makes perfect sense to me that payrolls would be a function of sales. ...Read More

Total Credit decline from $2,475 billion to $2,463

[Skip to the end] Two things: 1. Sales remain soft. 2. The federal deficit spending facilitates the same amount of sales with less credit. >    >   (email exchange) >    >   On Sun, Jul 12, 2009 at 9:20 AM, Dave wrote: >    >   Yet another month where the decline in consumer credit comes in worse than ...Read More