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

To: pater tenebrarum who wrote (126799)	10/2/2001 11:18:24 AM
From: John Madarasz	Read Replies (1) \| Respond to of 436258

The percentage of credit card accounts that were not paid on time set a record in the second quarter, with the American Bankers Association saying the figure - 3.93% of all accounts - was markedly higher than it ever has been in the 21 years the group has tracked it. and this.. The $17 billion Treasury auction -- the largest offering since early 1997, and up $3 billion from last week -- was extremely well bid. In my view, this reflects an increased desire for risk-free cash equivalents at the short end of the Treasury curve, a classic symptom of an increased preference for saving. A disproportionate share of this growth ( in M2 ) appears to have been concentrated in saving deposits -- hardly surprising in a falling interest rate climate. This speaks more of precautionary portfolio shifts by consumers rather than a sharp pickup in the transactions balances that would drive the real economy. - Stephen Roach, Friday finally...Trim Tabs estimated that all equity funds had outflows of $9.5 billion in the five trading days ending Wednesday compared with outflows of $9.4 billion in the prior week. And equity funds that invest primarily in U.S. stocks had outflows of $10.0 billion vs. outflows of $8.9 billion. Finally, bond funds had outflows of $1.1 billion compared with outflows of $300 million in the previous week. The one sector attracting fresh funds - Governments & Ginnie Mae's. Hope you had a nice weekend, JM