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To: Victor Lazlo who wrote (60784)	6/6/1999 9:45:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glad to hear you're doing so well Glenn. Victor, My post must have come across a bit funny. I was not trying to tell everyone how well I was doing. I was really trying to state how strong consumer spending really is. It is strong so I expect a rate increase to come. I am suprised consumer spending is still so strong. The pundits keep saying it's becasue the stock market is doing so well and everyone has so much more paper worth. But most consumers don't have big stock or mut fund portfolios. Most of my customers are not heavily in the market. It is their confidence in the economy that is causing the spending in my opinion. I think it's largely just more tapping into credit. But i keep telling my wife- people seem to assume that the next 5 / 10 years will be as good as the last. What if there's a recession, with all the personal debt so many folks have?<//i> We are being paid with more credit cards then ever and I agree with your assessment. Glenn