Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (145989)	8/22/2002 12:18:14 PM
From: GST	Respond to of 164684

More news about online sales trends: biz.yahoo.com

To: Glenn D. Rudolph who wrote (145989)	8/22/2002 8:36:33 PM
From: Victor Lazlo	Respond to of 164684

<<What we see occurring is many of our customers have their credit cards maxed out or close to it. They come in to buy but the credit card is being declined more often than in the past. >> wow that's interesting. I've been claiming with ardent ferver that consumer spending would slow, that it would have to. I may have been early with my prediction but now it's happening, except for car sales and gasoline sales. It will be interesting to see if the current record-breaking wave of home mrtgage refi's leads to more consumer spending or if it will simply mean that exisitng debt can be managed for a while longer.