T-day views before the feast.
Posted on 25. Nov, 2009 by scott in Social commentary, economic daydreaming, political munglings
In this time of thanksgiving and being grateful . . . I look for signs to rejoice about the economy and the political/social scene. Here are a few to ponder on while you rest from gorging yourself with the traditional feast.
The national credit card delinquency rate fell for the first time in 10 years. Smakin’ and smokin’ this really is good news. Details: the % of U.S. credit card holders who are more than 90 days delinquent fell from 1.17% in the second quarter to 1.1% in the third quarter. Means that consumers are paying off debt and controlling new debt at a much better pace. If that is real then they must also be feeling better about both saving and spending. Three stars!
The somewhat powerful influencer ‘Conference Board’ has informed us that consumer confidence rose from a 48.7 revised figure in October to a preliminary 49.5 in November. Also good news even though it takes a number above 90 to reflect a more balanced economy. Two stars!
President Obama has finally made up his mind about Afghanistan and will announce his revised strategy at a nationally televised press conference next Tuesday. Whisper numbers are an increase of around 35,000 troops. More than anticipated but less than the General in charge wants. Two stars! (would have been more if he had decided earlier)
The Indian Prime Minister Manmohan Singh has met with President Obama this week and bowed when he met our President. Even lower than Barrack Obama (apparently as a private individual since American’s have a general disregard for hereditary leaders) bowed to the Emperor of Japan recently. Four stars! (just kidding but wouldn’t that be great!)
On that note I am leaving to buy the biggest bird in the city which I will proceed to masacre in a cruel and unusual manner which will make it barely edible but certainly something else to be grateful for. 5 stars and counting.
thanks for the photo to cygnus921
Honors and Recognitions
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