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

To: Sweet Ol who wrote (69517)	2/18/2001 11:33:28 PM
From: American Spirit	Respond to of 99985

Consumers are getting more and more low interest offers. I've gotten dozens of them as low as introductory 1.9% for 4 months. Don't expect many people to be paying 20% on their cards anymore. Not even 15%. The lower the rates go the more low-interest offers there will be. You're just stupid if you pay more than 5% on any card now for up to 6 months.

To: Sweet Ol who wrote (69517)	2/19/2001 12:00:12 AM
From: Zeev Hed	Read Replies (5) \| Respond to of 99985

Jhn, I think you err a little here the majority of consumer debt is still their mortgage, easily refinanced and many of the variable rate form. Lower interest rates does trickle quite rapidly yo consumers and corporations bottom line. Auto loans are probably second and then credit cards. A great number of consumer do not accumulate excess credit at 20%, most replace such debt with second mortgages, first the rates are lower, second, it is tax deductible. Zeev