Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (104305)	5/23/2001 4:33:18 PM
From: Lucretius	Respond to of 436258

f*ck him

To: yard_man who wrote (104305)	5/23/2001 4:38:19 PM
From: stomper	Read Replies (2) \| Respond to of 436258

They're not going to bother covering their butts...they are setting it up to have the cane come down on ours: PORTLAND, Ore., May 22 (Reuters) - Federal Reserve Governor Edward Kelley said on Tuesday that while U.S. consumers have amassed debt at record levels, they are managing it and still helping out the U.S. economy with continued spending. ``For some time now our personal savings rate in this country has turned negative, which means we as a people are spending more than our income and obviously when you do that you go further into debt,'' he said in his remarks to the Rotary Club of Portland. While they have reached record levels, consumers are handling their debt burdens for the time being, he said, adding: ``We're handling it okay, it's not a problem right now but it's a worry.'' He noted that continued consumer spending, which fuels two-thirds of the U.S. economy, is propping up the economy. ``If the consumer decides that he or she doesn't want to spend anymore then the economy will begin to weaken,'' he said. ``Consumers are still out there spending. They are in the malls, they are buying things.'' Credit, he said, is still available, helping consumers sustain their hungry spending appetites. ``Credit flows from financial institutions to consumers are still rolling along quite strongly,'' he said. biz.yahoo.com