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

Our Archive

Search completed

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

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 […]

Read More

Bloomberg Reports of Deflation’s Demise Greatly Exaggerated

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 […]

Read More

Categories