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creditwritedowns.com - 10/9/2009
Why is everyone saying consumer credit is falling? It’s not.
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Why is everyone saying consumer credit is falling? It’s not.
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
Obama under fire over falling dollar
ft.com - 10/7/2009
Obama under fire over falling dollar
— ft.com — Published: October 7 2009 19:37 | Last updated: October 8 2009 00:30 The falling US dollar is... giving ammunition to the critics of the Obama administration and fuelling broader concerns about the potential erosion of America’s reserve currency status.  ... (more) Obama under fire over falling dollar

Comments vote down Between the Hedges found this 10/7/2009found this
Consumer Credit Crumbles
econompicdata.blogspot.com - 10/8/2009
Consumer Credit Crumbles
— econompicdata.blogspot.com — 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. ... (more) Consumer Credit Crumbles

Comments vote down naked capitalism found this 10/8/2009found this

Blog Reactions

EconomPic:  The Dangers of Non-Seasonal Data

Decline and Fall of Western Civilization:  approaching the double dip

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Blog Reactions

The Dangers of Non-Seasonal Data
EconomPic — ... (if you've never read it, I highly recommend it). Thus, I was surprised that I disagreed so much with a recent post of his titled 'Why is Everyone Saying Consumer Credit i ...

approaching the double dip
Decline and Fall of Western Civilization — ... the $64 question is whether sincere private sector deleveraging gets underway in spite of the efforts of the government. could the government blow another bubble? edward harrison has been playing angel's advocate with regard to this by examining unadjusted figures, and appropriately so. but this interesting takeaway from the JPM call underscores what i think will, with ...

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Consumer Credit Falling Fast
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Consumer Confidence Numbers Retreat Again, Falling More Than Expected
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Consumer Spending
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Falling short
krugman.blogs.nytimes.com 10/12/2008 — Wouldn't it be nice if, just once, policy makers exceeded expectations instead of falling short? Actually, it would be more than nice: until that starts happening, policy will keep losing credibility. But it's apparently not to be. The IMF ministers ...
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hf-implode.com 27 days ago — " I have just taken a look at the consumer credit figures for September, released just yesterday by the Federal Reserve. The data do show some modest deleveraging, especially when looking at the recent increase in nominal GDP. However, it is still not clear to me that the scale of deleveraging ...
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Consumer Credit Keeps Dropping (V, MA)
247wallst.com 4/7/2009 — There is a reading of the economy which we used to see only go up and up, and that is the monthly consumer credit. In the month of February, consumers cut their borrowings and this is the fourth reading in the last six months. Consumer credit ...