> ## Content Index
> Fetch the complete content index at: https://www.thejanusobserver.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# December 23, 2017
- URL: https://www.thejanusobserver.com/december-23-2017/
- Published: 2017-12-23T12:00:13.000Z
- Updated: 2026-10-25T20:09:39.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, Auto Industry, Cryptocurrencies, U.S. States, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

Happy Holidays everyone! Last post for the year. Cheers, Duff

# Perspective

[How Much - American Consumption Greatly Varies by State - Raul 12/19](https://howmuch.net/articles/how-much-money-americans-spend?ref=thejanusobserver.com)

[![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/how-much_american-consumption-by-state_12-19-17-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/how-much%5Famerican-consumption-by-state%5F12-19-17.png?ref=thejanusobserver.com)

# Markets / Economy

[Bloomberg - Subprime Auto Defaults Are Soaring, and PE Firms Have No Way Out - Gabrielle Coppola and Claire Boston 12/21](https://www.bloomberg.com/news/articles/2017-12-21/subprime-auto-defaults-are-soaring-and-pe-firms-have-no-way-out?ref=thejanusobserver.com)

[![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/bloomberg_subprime-auto-loan-deliquencies-on-the-rise_12-21-17-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/bloomberg%5Fsubprime-auto-loan-deliquencies-on-the-rise%5F12-21-17.png?ref=thejanusobserver.com)

# Finance

[MarketWatch - How much has been lost in Friday's cryptocurrency rout? Nearly $200 billion - Ryan Vlastelica 12/22](https://www.marketwatch.com/story/how-much-has-been-lost-in-fridays-cryptocurrency-rout-nearly-150-billion-2017-12-22?ref=thejanusobserver.com)

- "The entire universe of digital currencies has seen heavy selling pressure on Friday, resulting in a 12-digit decline in total market capitalization since just midnight."
- "The size of the entire cryptocurrency space is about $426.14 billion, according to pricing website CoinMarketCap, down from $610.43 billion at the start of the day. (Eastern time; digital currencies trade 24 hours a day.) That’s a decline of more than $184 billion, which is larger than such iconic companies as Boeing Co., PepsiCo Inc., and Walt Disney Co."
- "The weakness was driven by bitcoin the world’s largest digital currency, which has tumbled in recent days. The asset has dropped by more than a third since Sunday’s all-time high; it fell 27% to $11,301.16 on Friday, after nearly breaching $20,000 on Dec. 17."
- "The space is notoriously volatile, and other digital currencies also tumbled in Friday trading. Ether, which runs on the Ethereum network, is down 33%, trading at $561.19\. It hit a high of $827.68 earlier in the day. Despite that, both remain sharply higher on the year; bitcoin started 2017 below $1,000, while Ether ended 2016 at around $8.03."