New York Times, Conference Board, Online Media Daily
A bigger story than the 11% leap in stock prices yesterday, in the eyes of the
Times, is the pullback in the credit card market, which it says is affecting even creditworthy consumers. Let's face it, even the most bullish among us don't expect that yesterday's sudden -- if ethereal -- surge in consumers' net worths will lead to their spreading the wealth around anytime soon (note, too, that consumer confidence was reported at an "all-time low" Tuesday by the
Conference Board ). But the consumer credit squeeze is on as limits get maxed out, defaults mount …