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

To: Ken98 who wrote (107245)	6/7/2001 3:39:22 PM
From: Ken98	Respond to of 436258

Credit cards as savings accounts (see link in previous post): <<U.S. consumer credit rose $13.9 bln in April WASHINGTON, June 7 (Reuters) - Consumer borrowing picked up sharply in April, as consumers apparently turned to credit cards and the like to maintain their spending habits. The Federal Reserve said on Thursday outstanding consumer credit rose by a larger-than-expected $13.9 billion in the month, its biggest jump since February. March consumer credit outstanding was revised upward as well, to a $7.5 billion gain from the initially reported $6.1 billion advance. April's increase in credit was centered in revolving debt, which includes credit and charge cards. The jump was bigger than Wall Street had been anticipating and may signal renewed consumer optimism about the U.S. economy. Analysts polled by Reuters had projected debt to grow by a smaller $7.8 billion in April.>>

To: Ken98 who wrote (107245)	6/7/2001 3:39:25 PM
From: Ken98	Respond to of 436258

Credit cards as savings accounts (see link in previous post): <<U.S. consumer credit rose $13.9 bln in April WASHINGTON, June 7 (Reuters) - Consumer borrowing picked up sharply in April, as consumers apparently turned to credit cards and the like to maintain their spending habits. The Federal Reserve said on Thursday outstanding consumer credit rose by a larger-than-expected $13.9 billion in the month, its biggest jump since February. March consumer credit outstanding was revised upward as well, to a $7.5 billion gain from the initially reported $6.1 billion advance. April's increase in credit was centered in revolving debt, which includes credit and charge cards. The jump was bigger than Wall Street had been anticipating and may signal renewed consumer optimism about the U.S. economy. Analysts polled by Reuters had projected debt to grow by a smaller $7.8 billion in April.>>