The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (36437)	7/20/2005 9:20:57 PM
From: Elroy Jetson	of 110194

Some credit card issuers have already made the required changes to their Minimum Payment calculations, while others like MBNA are waiting until December, literally the last possible moment before compliance is mandatory. Even if their Minimum Payment is not yet changed, many consumers are already aware of the change. Yet the slow down in the growth of Consumer Credit may be more indicative of something else. Consumer Credit has tended to increase more rapidly during periods when real estate appreciation is strong. A slowing rate of increase in credit may be caused by the waning strength in real estate appreciation in many regions of the nation. home.pacbell.net federalreserve.gov This is noticeably between 1984 and 1989, followed by a period of slow growth until 1994. Then rapid credit growth from 1994 until recent months. In Australia, after almost two years of declining real estate prices, Consumer Credit growth is anemic with sharp declines in home improvement. England, after one year of declining home prices is also experiencing slow credit growth. Our time will come. .

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