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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (33538)	12/15/2010 9:15:21 PM
From: Giordano Bruno	1 Recommendation Read Replies (1) \| Respond to of 71456

We have to pay attention being printer challenged. Consumer credit in October was revised from a previously reported $3.5 billion decline, and the forecast for November was based on the median of 32 estimates in a Bloomberg News survey. Projections ranged from decreases of $2 billion to $10 billion. Credit dropped at an 8.5 percent annual rate in November. Revolving debt, such as credit cards, plunged by a record $13.7 billion in November, the Fed’s statistics showed. Non- revolving debt, including loans for autos and mobile homes, declined by $3.8 billion. noir.bloomberg.com

To: John who wrote (33538)	12/16/2010 8:24:59 AM
From: Horgad	3 Recommendations Read Replies (1) \| Respond to of 71456

I heard two ladies who work for the schools around here talking yesterday about the budget problems. One of them was telling the other about some expensively built and decorated office space. And how she didn't understand why people were now criticizing the money spent on it because when it was built they had the money for it. SO it was totally unrelated to the current budget problems. The mindset of these people is unbelievable. Its spend, spend, spend as much as you have and count on having even more to spend next year. There is no such thing as saving for a rainy day. So even a small hiccup throws everything into chaos and this is no small hiccup.