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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (25539)	9/11/1999 12:30:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Debt... Consumer credit increased by $8.8 billion in July, the Federal Reserve reported on Wednesday. The increase was largely driven by growth in revolving credit (primarily credit cards), which recorded a strong month-to-month gain of $5.8 billion. Overall, consumer borrowing (excluding mortgage debt) increased at an annual rate of 7.9% to $1.354 trillion. The report indicates that consumer spending--an important driver of economic growth--shows no signs of slowing. vanguard.com Did You Know? Total personal financial assets were $27.6 trillion as of March, nearly double the level at the end of 1992, according to the Federal Reserve. Regards, John M.