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

To: MulhollandDrive who wrote (91930)3/5/2008 4:26:57 PM
From: benwood  Read Replies (1) | Respond to of 110194
 
I don't believe 'em <g> What percent expected to be as heavily indebted as they are? At the beginning of the past two years, what percent would have said they'd be saving for retirement but instead drew down their savings?

I would agree that some will have turned a new leaf, but I don't think consumer mentality has pulled back much at all yet. I think a fairly high percentage will smell the check in the mail and spend it in advance. Then they'll use it to pay down their newly acquired VISA debt. Oh... maybe that's what they mean <g>



To: MulhollandDrive who wrote (91930)3/5/2008 6:29:20 PM
From: XBrit  Respond to of 110194
 
only 18% plan to spend the rebate

I imagine many of the remainder will use the check to pay down their credit cards, and convince themselves they're not spending it. Then over a few months that freed-up credit will slowly burn its way out of their pockets.

I'd guess probably more than 1/2 will be spent eventually.

Not enough to change the big picture, but maybe it will smooth the pain a bit.


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