A Logical Conclusion to a Night of Binging

I have written long and hard about consumer’s ability to borrow and spend big. In theory this ability is increasingly diminishing, given the decline in his house as ATM collateral, and his shortage of rainy day funds. I illustrated this in yesterday’s chart on demand deposits. But all this should not be confused with Joe [...]

This entry was posted on November 2, 2006 at 7:40 am and is filed under Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.