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Consumer Credit Drops Whopping $24 Billion in 2 Months

Consumer Spending Plans Fall thru Floor

Michael Shedlock

7 Jul 2010

Consumer credit has fallen an unprecedented 7 consecutive quarters. Moreover, credit is poised to plunge further as consumer spending plans are falling through the floor.

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Financial Sense Newshour

FSO Exclusives Consumer Credit Drops Whopping $24 Billion in 2 Months Consumer Spending Plans Fall thru Floor Michael Shedlock 7 Jul 2010 Consumer credit has fallen an unprecedented 7 consecutive quarters. Moreover, credit is poised to plunge further as consumer spending plans are falling through the floor. Keep an Eye on the Shanghai Chris Puplava 7 Jul 2010 It is no secret that China has become the marginal player in the past decade in terms of global economic growth and commodity consumption. No longer is it that when the U.S. catches a cold the world sneezes, as it is now China that drives world... The Invisible Hand of Doom D Sherman Okst 6 Jul 2010 The “Invisible Hand” first becomes visible when Greenspan, Rubin, Summers & Congress muzzle Brooksley Born’s attempt to regulate --- What Warren Buffett coined: ‘Weapons Of Mass Destruction’ (Derivatives) Watch It Here If You Haven’t Seen It.... Fractured Fairy Tales: Goldilocks, "Exit Strategy," and "Austerity" Bill Fleckenstein 6 Jul 2010 Weekend newspapers were quite grim and markets that were open on Monday traded lower. There is no shortage of reasons for that angst, but one making the rounds -- i.e., the notion that governments worldwide will enact strict austerity measures -- I... Do Technicals Suggest Doom and Gloom? Brian Paragamian 6 Jul 2010 To say the least, the technicals of the stock market suggest an economy that is sluggish at best and quite possibly headed for a double dip recession or maybe something much worse. Could we be on the verge of another Great Depression developing and... more Other FSO Articles Opportunities via the Intensifying Challenges Deepcaster 8 Jul 2010 The seemingly ever-increasing number and Severity of Challenges, also generates Opportunities for... Dancing on Quicksand Bob Clark 7 Jul 2010 Are there dark forces changing economic conditions by using government fiscal and monetary policy... BP Hard Cap Installation and Plausibility Arguments Dr Stephen Rinehart 5 Jul 2010 If this BP pressure vessel is being designed to withstand 40,000 psi internal pressure using a... In the Shadow of the Dragon John Downs 8 Jul 2010 Time to Board the Gold Stocks Train? Jeff Clark 8 Jul 2010 Buying With Both Hands Dock Treece 8 Jul 2010 ECB Urges Bank Recapitalizations Axel G Merk 8 Jul 2010 Chinese Remedies Will Not Save the Ailing American Dream Dr Bubb 8 Jul 2010 more Video Why is gold going down? 8 Jul 2010 J Adam Hewison This market has surprised many people as they were expecting gold to continue up to the $2000 level without any problems. Normally when you have such the unanimous viewpoint, the markets tend to go the other way. Commodities Who Will Profit from the Oil Spill Charles Brant Economy In the Shadow of the Dragon John Downs Energy Natural Gas-Stormy or Sunny Matthew Millar Global Spills and Chills David Coffin Eric Coffin Markets Buying With Both Hands Dock Treece Metals, Minerals, Mining Deflation? A summer overview Bob Clark Storm Watch Deepwater Horizon and Pandora's Box Cris Sheridan Featured Article Chinese Remedies Will Not Save the Ailing American Dream Over-consumption, suburban living and debt are destroying US wealth Dr Bubb 8 Jul 2010 Although China is not the biggest economy in the world by GDP, (it is third, after growing a remarkable 8.7 percent last year), its exports are increasingly seen as the needed lifeline for many shaky economies.