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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (49828)	4/10/2002 8:59:53 PM
From: mishedlo	Read Replies (2) \| Respond to of 99280

From Rien on my board on the FOOL By the third quarter of 2001, the latest figures available from the Fed, households were spending 7.7 cents out of each after-tax dollar to pay off debts. That's a penny lower than the peak of 8.7 cents reached in 1980 when the prime rate hit a killer 21.5%. Moreover, the ratio has been growing at just 0.1 cents per year since 1996, when consumer spending started on a tear as the economy expanded. In other words, households may have more flexibility before serious problems erupt. So, 8.7 with rates at 21.4% Now 7.7 with rates at... What will happen on a rate hike?