Damn could folks be getting it???? And another glorious miss by the anal-ysts......
Submitted by Tyler Durden on 04/06/2012 - 15:41 Consumer Credit Federal Reserve
With expectations of a $12.0bn rise in Consumer Credit, yet another market 'economic' indicator flashes orange as the Seasonally Adjusted number comes in at $8.735bn - the largest miss from expectations in 6 months. Furthermore, using the Non-Seasonally Adjusted data, this is the largest sequential drop in 12 months (since the Feb 2011 plunge). While non-revolving debt managed to increase (though at a considerably lower pace) for the second month in a row the deleveraging that ended in Q4 has resumed following the end of the retail shopping season (as revolving credit contracted). Perhaps the same 'glitch' that destroyed Groupon, namely accounting for product returns, is about to sweep the entire retail industry?
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http://www.zerohedge.com/news/consumer-credit-decelerates-most-feb-2011
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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