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01-27-2012, 08:41 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,202
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US Consumer Credit
Good news or bad news? Hopefully this represents a return to a sustainable level of credit and not a prelude to overheating again...
U.S. Consumer Credit Increases by Most in Ten Years on Household Optimism - Bloomberg
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-27-2012, 09:29 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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01-27-2012, 10:02 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,202
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I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-27-2012, 10:05 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Quote:
Originally Posted by Midpack
I'd rather discuss this in terms of sustainable level of consumer credit as it impacts our economy, and not as a political issue.
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But...but...but...how can I rant and make use of my curmudgeon certification if we do that?
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Numbers is hard
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01-27-2012, 10:08 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-27-2012, 10:25 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,202
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Quote:
Originally Posted by ziggy29
Sounds like the Fed is getting what they want in waging war on savers. Hopefully we don't get another bubble in personal debt; I don't think we want to go through the pain of another sharp deleveraging again any time soon.
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Me too. If I am reading this chart correctly, while we've had a spike, we're not yet at historically high levels? Just trying to read some of the tea leaves. FWIW
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-30-2012, 07:59 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Goldilocks...
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Have Funds, Will Retire
...not doing anything of true substance...
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