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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (11462)	4/7/2004 1:56:30 PM
From: Little Joe	Respond to of 110194

How about 2050. My estate can pay. :) Little joe

To: mishedlo who wrote (11462)	4/7/2004 3:33:47 PM
From: russwinter	Respond to of 110194

Consumer slowing down, maybe January marked the peak? What an orgy then, even revised upward. Reuters UPDATE - U.S. consumer credit grew by $4.1 bln in February Wednesday April 7, 3:28 pm ET WASHINGTON, April 7 (Reuters) - U.S. consumers added to their debt at a slower pace in February, the Federal Reserve said in a report on Wednesday. The Fed said outstanding consumer credit, which excludes mortgage debt, rose by $4.1 billion to a seasonally adjusted $2.019 trillion in February. January credit growth was revised up to a $15.8 billion gain from the initially reported $14.3 billion surge. The pace of credit use reflected a sharper slowdown than Wall Street had been expecting. Forecasters had been anticipating a $7.7 billion gain in February. As in recent months, non-revolving credit - which includes fixed-term loans for cars, boats and tuition expenses - posted a larger gain than revolving debt, rising by $2.6 billion in February. The growth in non-revolving credit was aided by continued low interest rates on autos. The average rate from the finance arms of the U.S. Big Three automakers dipped to 3.00 percent from 3.20 percent in January, the Fed said. Revolving debt, which tracks charge and credit card usage, rose by a smaller $1.6 billion in February. January's revised growth in credit outstanding was the largest since May 2003, when credit surged by $17.9 billion.