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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (128341)10/9/2001 6:54:42 PM
From: NOW  Read Replies (2) of 436258
 
"The problem is that consumers are currently busy with two other tasks that suddenly take precedence over buying: servicing existing debt and saving money. As of first quarter, 14.35% of U.S. households' disposable income was used for debt service, up from 13.51% in 1990, according to Federal Reserve Board statistics. "
Kristen French
But with home refinancing, I agree, the American consumer is AMaZING. On the other hand, hte Japanese consumer also did not have terrorism to think about when shooping for new purchases..
So its a wash...
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