The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (76571)	12/25/2006 11:40:56 AM
From: jimmg	Read Replies (2) of 110194

Declining demand deposits doesn't reveal any signs of consumer stress. Higher interest rates have drawn money to cd's and money market funds. Many people use their money market fund as their checking account now because the minimum check amount has either been eliminated or reduced. My credit card bill gets automatically paid out of my money market account at Fidelity. No demand deposits required. Note how money market deposits are up strongly. Too many people have a thesis and then go out to try to find evidence to support it. Everyone would be better off to allow the data to draw you toward the logical conclusion. Consumer spending is not falling off the cliff.

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