Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (13761)	1/21/2002 1:55:03 PM
From: AC Flyer	Read Replies (3) of 74559

LLCF: I don't see anything extraordinary in any of the following data. Total consumer credit outstanding in November, 2001 was $1.66 trillion, up from $1.21 trillion at year end 1996, a 37% increase over 5 years. This corresponds to an average annual rate of growth of 6.5% over this period. The actual annual growth rate in total consumer credit outstanding has ranged from 4.8% in 1997 to 10.2% in 2000. Actual consumer credit growth in the first, second and third quarters of 2001 was as follows: Q1 10.3%, Q2 4.6%, Q3 1.3%. In October and November of 2001, consumer credit growth was 8.3% and 14.6% respectively. federalreserve.gov Moody's North American Credit Quality Index shows an improvement in the credit quality of north american public companies from October 2001, following a multi-year decline. riskcalc.moodysrms.com Total household debt service burden was 13.8% of disposable income in Q3, 2001. Total household debt service burden has ranged from 11.84% in 4Q'93 to 14.38% in 4Q'86 federalreserve.gov The delinquency rate for mortgage loans on one- to four-unit residential properties was 4.87 percent in the third quarter of 2001, up 24 basis points from the second quarter of 2001. The percentage of loans in which foreclosure started during the quarter rose 2 basis points to 0.38 percent, while the percentage of loans in the process of foreclosure at the end of the quarter rose 4 basis points to 0.95 percent. mbaa.org

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