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Strategies & Market Trends : The Options Box

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To: Poet who wrote (7454)	11/18/2000 3:37:32 PM
From: MulhollandDrive	Read Replies (1) of 10876

>>Q: What about consumer spending? A: Consumer spending has started to slow, and the extent of the slowdown on the consumer side, I think, will be determined by swings in stocks. If the stock market remains sluggish, then consumer spending will remain sluggish. There is a very high correlation -- 99% -- between stocks and holiday sales. We've been tracking this since 1995, so it's a relatively short period of time. Capital spending is the other side of the equation that will also slow. Consumer spending and capital spending have certainly been the strongest parts of the U.S. economy.<< That's interesting, and may bode even more ill for the country's economy since I heard that consumer credit card debt is at an all time high. (If in fact consumer spending is starting to slow) Average consumer debt is now $2800, and I think it used to be something like $1600. You could conclude that people are using credit to purchase necessities, in addition to discretionary spending.

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