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To: Mark Adams who wrote (111788)	7/9/2001 4:47:03 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

<<Consumer credit rose by a seasonally adjusted $6.5 billion in May, or a 4.9 percent annual rate, the Federal Reserve reported Monday. That was a much smaller increase than the $9.5 billion rise in credit that many analysts had forecasted.>> Although that number is frequently revised, we could be seeing the first clear evidence that the consumer is pulling in his horns (and wallet). If so, it's a watershed event and bodes serious ill for the retailers, credit card cos. and the entire service sector in general.