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

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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 […]

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Bernanke Pledges Low Fed Rates Forever

Well, maybe not quite, but it certainly feels that way. Today, Ben Bernanke pledged to keep the benchmark interest rate at a record low for an “extended period.” (Source: Bloomberg) His commentary was, as usual, about as insightful as the look my 6-year old weimaraner gives me when I proofread my blog out loud to […]

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