Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 258.64

-1.0%

3:59 PM EST

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To: Qualified Opinion who wrote (59287)	1/23/2002 7:54:03 PM
From: michael97123	Read Replies (1) of 70976

"The consumer may lead the next leg down. The consumer seems to be overextended with zero percent financing and home equity loans. Millions of consumers have been laid off." Home equity loans actually reduce the amount of credit card debt by lowering interest rates from high credit cards to 2% or whatever variable home loan rates are now. My nephew and his wife refinanced college loans, and home mortgage while buying a new car at 0% and came away paying less monthlies than what went before. I think he said about 20% less and he has a new car to boot. This is bullish. mike

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