Can You Name This Tune…Er Bubble?

| March 12, 2012

Hmm…This one’s easy, it’s student loans!  Just a freckle short of a trillion dollars!

Consumer Credit Soars By Third Highest Ever

| February 7, 2012

So…the consumer confidence level is soaring right along with the consumer debt, and the savings rate is plunging.  Now we understand why the Federal reserve has been so worried lately.  The worry is that this consumer spending binge is totally unsustainable and likely to burn out soon! A report from the Labor Department today also showed there […]

Consumer Credit For September Is Out…No Surprises, Just The Same Old Nonsense!

| November 7, 2011

The entire consumer credit growth is from auto loans and student loans, while revolving credit dropped…Student loans have been a growth business, but at what expense? A whole student generation is hopelessly buried.  Truly buried like no other generation ever! So… just where did this consumer credit in 2011 come from?  Well, of the $32 billion in credit […]

Playing With Dominoes In Europe

| October 6, 2011

IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down!  And da boys in Europe […]

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