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To: reaper who wrote (154984)3/7/2002 6:34:38 PM
From: yard_man  Respond to of 436258
 
there are always nukes offline -- most are on 18 month cycles -- suppose 5% of them are off during peak days -- 20 days or so -- .05x.20 = 1% of generation has to be taken up by NG and NG accounts for ??? -- I'll do the math later, but I can tell you now it is nothing compared to what the weather variation will do. I'll post something tomorrow



To: reaper who wrote (154984)3/7/2002 9:36:48 PM
From: ild  Read Replies (4) | Respond to of 436258
 
It looks like consumer borrowing for auto purchases has finally shown up in gov statistics. Does it bode good or bad for ACF?

3:14 PM
Consumer credit increased a sharp $12.9 billion in January (consensus +$3.7 billion) compared to an increase of $1.8 billion in December (revised up sharply from -$5.1 billion). The increase is largely the result of a sharp increase in nonrevolving debt, which increased $11.7 billion in January. Nonrevolving debt has been increasing as a result of a sharp increase in automobile sales. Nevertheless, the data contains evidence of a broadening of consumer borrowing with the exception of revolving credit (credit cards), which gained just $1.2 billion in January. The consumer credit data is open to a tremendous degree of subjective interpretation. Bears will say the surge in consumer credit is a sign that consumers are strained and thereby tapping into credit to finance their expenditures. They'll also say that the surge in credit will only add to the consumers' debts. Bulls, on the other hand, will say that the increase in consumer credit shows that consumers are confident in the economy and that credit remains readily available (i.e. no credit crunch).

3:02 PM
ECONOMY TALK: Consumer credit rose $12.9 billion in January, well above expectations for a smaller rise of $3.3 billion. And December was revised up sharply, from down $5.1 billion to up $1.8 billion. Much of the rise came in non-revolving debt (such as auto loans) which continues to post huge increases, climbing 14.5% in January after a 9.4% rise in December and a 16.1% jump in November. Revolving credit (mostly credit cards) rose 2.1% after a 9.8% drop in December.

bondtalk.com