Recession? It Doesn't Add Up
Target March Creit-Card Charge-offs Annualized 8.1% - There is a picture here getting clearer and clearer with each earnings report that credit card delinquences are rising and consumers are getting tapped out. The BofA earnings call detailed how credit card losses were up sharply in areas affected by declining housing prices. It's a consumer-led recession (something we have not seen in 25 years).
Tracking NAR Spin
Anemic Global CDO Issuance in 2008-Q1
Disastrous New Home Sales
U.S. Sector P/E Ratios (High)
The 800 Pound Gorilla on Consumer's Backs
Economic Releases (Not too shabby)
EUR/USD has fallen 3 big figures in the past 2 days (Just in time for my long EUR/USD post)
