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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (18269)	2/11/2000 7:49:00 PM
From: Cheeky Kid	Read Replies (2) \| Respond to of 63513

They make getting loans and leases for new cars so easy, a person with the worst credit rating in the world can drive away with a brand new unit. How can they use this data to say that retail sales are up strong? If you had to pay for this stuff up front, you would not be seeing the massive sales. Basically people are getting more in debt. You can go into any store and buy a $3000 TV or computer and walk out with it in one hour. It may take 5 years to pay it back, but why doesn't the Fed take that into account? You can buy furniture at stores with NO money down, and no payment for 2 years. Lots of money out there or just broke people getting more and more in debt? Are we going to see 100 year mortgages? How about $500.00 down and you are in a new home? If that happened you will see new home sales go through the roof!!! There is more debt out there than ever. These old ways of tracking inflation should be completely REVISED!!!!