Deutsche Bank: Christmas Is Going To Be Surprisingly Awesome
Credit is a function of confidence of which there is none. Everyone is just holding their breath. If Christmas ends up actually being big, it will only be because some folks may be focusing all their spending on this event, after which they’ll hole up until this economy actually shows real strength.
Dreaming or relying on absurd charts about credit returning to pre-crisis levels is not great analysis. Time will tell.
