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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (93249)	11/27/2001 10:33:28 AM
From: Knighty Tin	Respond to of 132070

Wayne, I haven't seen the latest. We could actually get a rise through mid-October, though the holiday season will scotch that pretty quickly.

To: Freedom Fighter who wrote (93249)	11/27/2001 11:24:48 AM
From: Ahda	Read Replies (3) \| Respond to of 132070

The expansion in credit card companies is taking place in other nations. Figures show minimal increase in credit card usage and increased savings. In CA it appears we are in for increased taxes and inflation cross the board the housing industry from figures i am getting is not overbuilt and the costs are astoundingly high for most when you look at average wages being around !5 and hour here. stls.frb.org 2001.01 0.9 2001.02 1.1 2001.03 1.3 2001.04 1.3 2001.05 1.1 2001.06 1.0 2001.07 2.5 2001.08 4.1 2001.09 4.7 cardweb.com Nevertheless, since the first of this year, the Fed rate cuts have reduced overall credit card interest costs for consumers by $11 billion annually or an average of about $140 annually per U.S. household with credit cards. American consumers currently owe $672 billion on all credit cards. About $570 billion of this debt is owed on major cards such as VISA, MasterCard, American Express and Discover. Approximately $102 billion is owed on retail or store credit cards. HOLIDAY CREDIT CARD USE TO RISE BY 7% Weakest Growth in Dollar Volume Since 1991 FREDERICK, Maryland--Nov. 19, 2001-- Between Thanksgiving and Christmas, consumers will charge an estimated $121.4 billion to their VISA, MasterCard, American Express and Discover credit cards according to CardWeb.com, Inc. The figure is only 6.8% higher than last year's dollar volume of credit card charges, and the most sluggish growth in a decade. Last year, Americans charged $113.7 billion, a 23% gain over 1999. If not for an extra shopping day this year, holiday credit card activity would be up by a mere 3.4%.