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

To: Larry Brubaker who wrote (82766)	6/21/2002 10:50:53 AM
From: Earlie	Read Replies (1) \| Respond to of 99280

Larry: Note: That is a govt stat. I could provide you with a list of similar stats (starting with U.S. GDP) that are riddled with baloney. That stat is a combo of consumer borrowing. Consumers borrow in several ways. Consumer borrowing sources include - credit cards (currently falling) - bank loans (currently falling) - margin debt (currently falling) - leased goods (just starting to fall) - direct producer/consumer loans (currently falling) - refinancing home (up big) Best, Earlie

To: Larry Brubaker who wrote (82766)	6/21/2002 11:32:54 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99280

Talk to people. I was at a customer yesterday, and he is worried about his employees. They are buying new cars and spending lots of $$. He knows what they make and thinks they are crazy. When asked if they are worried about the debt they are running up, the answer is NO. I just got a cold call from Chase last night, offering 0% on balance Xfers and purchases for 1 year. I took them up, I have no debt but run a high monthly (~$4-6K) CC bill due to my expenses. So, I plan on using there money for the next year and put my expense checks into my money market acct.