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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (256)	6/7/2002 3:10:05 PM
From: stockman_scott	Respond to of 89467

US consumer credit rose $8.8 bln in April WASHINGTON, June 7 (Reuters) - U.S. consumers pulled out their credit and charge cards in April, as the amount of consumer debt outstanding posted its biggest monthly gain since late last year, according to a report released on Friday. The Federal Reserve said credit advanced by $8.8 billion to a seasonally adjusted $1.698 trillion in April. That followed an upwardly revised $6.8 billion increase in March. The March number had been previously reported as a $4.6 billion gain. April's larger-than-expected gain in debt showed consumers remained relatively confident about the direction of the U.S. economy as it slowly recovers from last year's recession. Wall Street analysts had expected credit to have posted a smaller $7.0 billion gain in the month.

To: Jim Willie CB who wrote (256)	6/7/2002 3:15:31 PM
From: stockman_scott	Respond to of 89467

Tyco Not As Appealing To JP Morgan 11:16 (Dow Jones) J.P. Morgan says it can "no longer recommend purchase of Tyco (TYC), no matter how much value we see in the assets, until we have some facts regarding the improper use of corporate funds and the possibility of poor controls and corporate governance." Firm cuts stock to market performer, but is somewhat hopeful. "Indeed, as a long-time bull, it may be that our capitulation represents an absolute bottom on the stock," it says. "For our investors sake, we hope this is the case." (RJH)