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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (33245)	11/7/1998 10:09:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I think the smart money is already in the market. The average investor put his money into MM during the big drop and will start putting that same money back into stocks when they see there ain't no crash comin'. GZ

To: Skeet Shipman who wrote (33245)	11/7/1998 12:49:00 PM
From: Haim R. Branisteanu	Respond to of 94695

September sees increase in consumer borrowing Copyright © 1998 Nando Media Copyright © 1998 The Associated Press WASHINGTON (November 6, 1998 3:56 p.m. EST nandotimes.com) -- Consumer borrowing picked up in September as Americans sought to maintain their standard of living in the face of spillover from the world's economic problems. Credit outstanding grew at a 7.9 percent annual rate to a seasonally adjusted $1.28 trillion, the Federal Reserve said Friday. That's up from 4.2 percent in August and also faster than the 5.2 percent average for the year so far. In fact, the figures probably understate the rate of increase because they don't include home equity loans. "Households are taking the opportunity of low interest rates to refinance their credit-card and other installment loans with home equity loans," said economist Lynn Reaser of NationsBank Corp. in Jacksonville, Fla. The report fits with separate data that showed Americans spent briskly during the month, even though growth in their incomes was subdued. The Commerce Department said this week that the nation's savings rate slipped to negative 0.2 percent in September, meaning more people financed their spending through borrowing, selling investments or raiding their savings. Consumer spending was what kept the U.S. economy growing at a healthy 3.3 percent rate during the July-September quarter even though export sales fell. Revolving credit, primarily credit cards, grew at a 6.8 percent rate in September -- somewhat faster than the 4.3 percent average for the year. Auto lending advanced at a 5.2 percent rate. It shot ahead at a 10.5 percent rate in August, the fastest pace of the year, as car sales rebounded from the General Motors strike. Other consumer loans, a catchall category that includes loans for education, vacations, mobile homes and boats, rose at a 13.8 percent rate in September. By DAVE SKIDMORE, Associated Press Writer