Comments on: Past Due Home Equity Lines of Credit Increase Most Since 1987 http://www.nakedcapitalism.com/2008/07/past-due-home-equity-lines-of-credit.html Sun, 22 Nov 2009 22:11:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/07/past-due-home-equity-lines-of-credit.html#comment-10430 Anonymous Wed, 02 Jul 2008 16:58:00 +0000 http://www.nakedcapitalism.com/2008/07/past-due-home-equity-lines-of-credit-increase-most-since-1987/#comment-10430 To steal Bill Gross's analogy, the lower-middle/middle class are the plankton of the financial ecosystem.<br/><br/>If they die off, higher-order consumers (the top 10%) will hurt too.<br/><br/>Bad news for AAPL.<br/> <br/>YMMV. To steal Bill Gross’s analogy, the lower-middle/middle class are the plankton of the financial ecosystem.

If they die off, higher-order consumers (the top 10%) will hurt too.

Bad news for AAPL.

YMMV.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/07/past-due-home-equity-lines-of-credit.html#comment-10428 Anonymous Wed, 02 Jul 2008 16:15:00 +0000 http://www.nakedcapitalism.com/2008/07/past-due-home-equity-lines-of-credit-increase-most-since-1987/#comment-10428 This story adds to the food for thought that a recession is not only in place but gaining fast momentum:<br/><br/>The number of private sector jobs fell by 79,000 in June, according to a payroll report released Wednesday, with the decline exceeding economists' forecasts.<br/>The National Employment Report from Automatic Data Processing showed a 76,000-job drop for goods-producing businesses, the 19th monthly decline in a row, coupled with a 3,000 job decline in the services sector.<br/><br/>A majority of the production job losses came from the manufacturing sector, which lost 44,000.<br/><br/>Economists polled by Briefing.com had expected jobs to decline by 20,000 in June.<br/><br/>>> AS usual there is no economic model that has a hint as to the reality in place!! This story adds to the food for thought that a recession is not only in place but gaining fast momentum:

The number of private sector jobs fell by 79,000 in June, according to a payroll report released Wednesday, with the decline exceeding economists’ forecasts.
The National Employment Report from Automatic Data Processing showed a 76,000-job drop for goods-producing businesses, the 19th monthly decline in a row, coupled with a 3,000 job decline in the services sector.

A majority of the production job losses came from the manufacturing sector, which lost 44,000.

Economists polled by Briefing.com had expected jobs to decline by 20,000 in June.

>> AS usual there is no economic model that has a hint as to the reality in place!!

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