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Friday, June 01, 2012

My Math Says "Contraction"

Data released on Friday is shown below...the blue box contains prior figures and the red box contains Friday's figures...numbers in the middle are estimates.

Apart from Personal Spending (which tells me that Consumer Debt is still rising), my math adds up to "contraction" in these numbers. You can give it a nicer name like "slowing growth," but it's still "contraction."

I've written about Consumer Debt in these past posts (it's not a pretty picture):

http://www.strawberryblondesmarketsummary.com/2012/03/consumer-credit-levels-higher-than-in.html

http://www.strawberryblondesmarketsummary.com/2012/03/will-american-consumer-save-day.html

http://www.strawberryblondesmarketsummary.com/2012/05/consumer-debt-bubble-looming.html