Holiday Shopping – Without Credit Cards? Lowest Use of Credit in 27 Years(!)

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David Rosenberg writes today in his always excellent Lunch With Dave: It’s interesting that so many pundits lay claim to how great the shopping season is going – and yet nobody is using credit! Have a look at On Christmas Shopping Lists, No Credit Slips on the front page of today’s NYT. A mere 17% of shoppers have […]

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Today, Bloomberg was quick to post a headline trumpeting the end of deflation: Deflation Disappears With Bond Market Showing Growth Oct. 25 (Bloomberg) — The bond market is showing Federal Reserve Chairman Ben S. Bernanke will succeed in sparking inflation after the smallest gain in core consumer prices in half a century increased concerns that the […]

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