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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (28732)	10/8/1999 1:46:00 AM
From: Don Green	Read Replies (1) of 99985

S P E N D I N G One of the Key differences between Americans and Japanese The Japanese don't seem to want to START and the Americans can't seem to STOP.. Where will it end??? Washington: U.S. consumer borrowing grew in August by the largest amount in seven months as spending by Americans showed little sign of abating, Federal Reserve figures showed today. Borrowing rose by $10.8 billion in August to a total of $1.37 trillion. The increase was bigger than the $6.6 billion expected by analysts and follows a gain of $8.9 billion in July. The Fed originally reported July borrowing had risen $8.8 billion. The increase means consumer debt has been growing at an annual rate of 9.6 percent as of August, compared with 7.9 percent in July and 5.4 percent in 1998. And shoppers were still packing store aisles in September: sales at retail chains rose a higher-than-expected 6.7 percent from a year earlier, a private industry report showed today.

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