1 Trillion in US Credit Card Debt

Financial infographs like this one are especially interesting when they give you perspective on a global basis. This piece takes a look at the credit card usage and outstanding debt of US consumers vs that of other countries… Click to Embiggen! Source: Derri_Hasmi

A Roundup of Crude Oil Predictions and Targets

Remember when the producers of Diff’rent Strokes decided that Arnold wasn’t cute enough anymore so they brought on the quintessential red-headed stepchild, Sam, to ratchet up the adorable factor?  Gary Coleman probably felt a lot like Crude Oil feels now that Gold has replaced it as the commodity speculators’ darling. Anyway, let’s take a look…

Hot Links: Emerging from Exile

Stuff I’m Reading… Volcker to bankers:  Your biggest contribution over the last 25 years is the ATM machine.  LOL.  (NakedCapitalism) BofA/ Merrill Lynch: 10 Themes for 2010 (emerging market consumer, alternative yield etc).  (MarketFolly) Dick Fuld emerging from exile with a plan to help out small business owners in need of funds.  (NYP) Goldman‘s big…

An Ugly December For The Euro So Far

Le Euro hasn’t been looking good since the start of the month and today’s credit downgrade on Greece’s sovereign debt certainly didn’t help.  Wondering about the strength in the dollar and the weakness across commodities today (ex-nat gas)? Look no further than here: The ratings agencies seem to be in the driver’s seat here as…

Journalists with Questionable Endorsement Deals

Fox News “journalist” Glenn Beck has recently come under fire for his endorsement of Goldline, a seller of gold bars and coins. Not only does he do live commercials for Goldline, he has also been telling his viewers to buy gold to protect themselves from the government’s policies. Beck is not the only on-air news…

Michael Shedlock Talks Jobs with Aaron Task

Here’s a quickie from Tech Ticker that presents a very sobering view on how persistent a 10% plus unemployment rate could be according to Michael “Mish” Shedlock… Source: Mish: Nov Jobs Report Looked Fabricated (Yahoo)