WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Beach

Beach

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 6 @ 8:30 am ET ~ Employment Data
* Thurs. July 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains
with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Wednesday, March 07, 2012

Consumer Credit Levels Higher Than in 2007/08

Consumer Credit Data released on Wednesday shows, firstly, a correction in the prior month's release data down to 16.3B from 19.3B, and, secondly, a rise in the latest month's data to 17.8B, as shown on the graph below (note that the graph does not show the prior month's data correctly yet).

The levels of consumer debt accumulated during the past three months are higher than they were in 2007/08 just prior to the financial crisis...in fact, they're at their highest levels seen since January 2000...an interesting scenario considering that Personal Income has declined, as mentioned in my post of March 1st.

Add to this potentially volatile and unsustainable mixture, the desire of the Fed to fulfill their "dual mandate" of improving unemployment and controlling inflation (as defined by their own formula and not based on the actual retail cost of goods and services by which the public is bound) by making even more easy credit available to the markets by whatever methods they deem appropriate, and it seems to be a recipe bound for disaster...and one from which the consumer won't/can't recover.