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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (31320)4/7/1999 7:48:00 PM
From: NickSE  Read Replies (3) of 86076
 
...Consumer debt through credit cards, auto loans and other
personal loans rose by $8.7 billion to $1.323 trillion after
rising a revised $15.3 billion during January -- the largest
increase in more than three years, the Federal Reserve said.
''It's clear the consumer is leading the way,'' said former
Federal Reserve Governor Lyle Gramley, an economist at the
Mortgage Bankers Association of America in Washington. ''I think
consumer spending will stay strong until we see some weakness in
the stock market.''...

quote.bloomberg.com
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