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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (64226)7/9/1999 11:15:00 AM
From: Les H  Respond to of 132070
 
re: Credit from Bonds Online

Yesterday, the Fed said consumer credit rose $12.1 billion in May. Expectations were for a rise of $5.4 billion. Borrowing is growing at a 10.9% annualized pace. Credit, as a percentage of disposable income stands at 21.22%, close to a record high. This number does not include mortgage borrowing.