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Consumer Credit Crumbles
econompicdata.blogspot.com - 10/8/2009
Consumer Credit Crumbles
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CNN Money reports: Consumer credit pulled back for the seventh straight month in August, led by a steep decline in credit card usage, a government report said Wednesday, as unemployment soared and cash-strapped consumers continued to limit spending. The total amount of credit outstanding fell ...
Consumer Credit Declines Sharply in August
calculatedriskblog.com - 10/7/2009
Consumer Credit Declines Sharply in August
— calculatedriskblog.com — From MarketWatch: U.S. consumer credit falls for 7th straight month U.S. consumers reduced their debt for the... seventh straight month in August, the Federal Reserve reported Wednesday. Total seasonally adjusted consumer debt fell $11.98 billion, or at ... (more) Consumer Credit Declines Sharply in August

Comments vote down Bear Mountain Bull found this 10/7/2009found this
creditwritedowns.com - 10/9/2009
Why is everyone saying consumer credit is falling? It’s not.
— creditwritedowns.com — Why is everyone saying consumer credit is falling? It’s not.... (more) Why is everyone saying consumer credit is falling? It’s not.
Comments vote down EconomPic found this 10/9/2009found this

Blog Reactions

naked capitalism:  Links 10/8/09

FT Alphaville:  Further reading

Comments
Blog Reactions

Links 10/8/09
naked capitalism — ... end of trade Felix Salmon US still world’s biggest manufacturer but China gains: study Raw Story. Reader John D notes: “The Manufacturing Institute is spinning an intriguing tale with numbers here. They are pointing to manufacturing value an interesting number since our biggest exports are high priced aircraft and war machines. Yet global market share is down and manufacturing as a percentage of GDP is down but not to worry about that.: Consumer Credit Crumbles EconomPic Data After subverting bank insolvency, our ...

Further reading
FT Alphaville — ... - The problem with securitisation . - The other problem with securitisation. - The secret that wealthy investors don’t want you to know . - Ask Paul . - Hope is not a strategy . - The Chinese have a massive dollar problem . - Understanding bubbles . - Corporate America’s identitity crisis . -  Gold : Until the system is reformed and trust is restored. - The inevitability of finance . - Consumer credit crumbles . - Analysts are at their most bullish in two years. - “To model ...

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