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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (1839)	5/7/1998 1:47:00 PM
From: MythMan	Read Replies (2) \| Respond to of 86076

>>Pete you can't believe everyting u read<< Mike, that would include the stuff you post, right? <g> As for the mute button, those of us who have jobs and can't lounge the day away at home with tv on; would appreciate if you would turn the sound on, listen and post your synopsis. On the other hand, if I had your life, I would NOT be watching CNBC (mute or not). I would be at the beach <g> Pete

To: Mike M2 who wrote (1839)	5/7/1998 1:57:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

Would you believe this if you read it? It supports your case: 4/21/98- Updated 09:04 PM ET A statistical look at consumer debt A look at the growing problem of consumer debt, by the numbers: Consumer debt has soared 39% in the last five years and now exceeds $1 trillion. Personal bankruptcies rose by 6% to 832,415 by mid-1995 for same period in 1994. Consumer loans comprised 45% of bank lending in 1994, up from around 33% 10 years ago. Nearly 4.25% of credit card loans were written off as losses late last year, up from 3.8% a year earlier. Credit card issuers sent a record 2.4 million card offers to consumers in 1994, more than double the mailings sent in 1990. About 376 million Visas and MasterCards were in circulation as of last fall, up 80% from five years earlier. The average household now has four credit cards with balances of around $4,800, up from two cards and $2,340 in balances five years ago. Consumers owe $360 billion on their cards, double the 1990 level. The national budget deficit totals $165 billion.