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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Mark Adams who wrote (22493)8/10/2002 6:44:45 PM
From: Snowshoe  Read Replies (4) of 74559
 
I think one thing that really stood out in the ML article, is the adjustment of the consumer debt burden for a higher level of credit card transactions. This is the first I've seen of that, and not an easy piece of info to come by.

That's an interesting point. I recently shifted all my utilities to auto-pay via credit card to get airline mileage points. I've shifting anything else I can think of, since I've been traveling a lot and need to rack up the mileage. I now carry a much higher average credit card debt, but I always pay it off every month.

Some friends just bought a car on two credit cards to get the airline mileage. They'll have it paid off in a few months.
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