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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.57+1.4%11:40 AM EST
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To: Glenn D. Rudolph who wrote (139369)2/15/2002 11:30:40 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
Another strong indicator that consumer spending is slowing is the paying down of consumer debt in Dec. Credit card debt and other consumer debt dropped in Dec, and this could be a sign that cosumers are finally realizing they are too tapped out to keep spending at this pace. This little noticed fact was very significant to me, because the cosnumer is being hailed as the last resort for this economy. But now obviously, consumers are starting to reign in their spending.

Sales of appliances slowed in Jan, even as new home sales remain strong, which struck me as a bit odd.
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