Consumer debt outstanding rose a seasonally adjusted $6 billion in July to total $1.774 trillion, the nation's central bank said.

Overall June consumer credit was revised upward, to a gain of $100 million, from the initially reported $400 million drop.

I wonder who's going to prop the economy now? We've got who knows
what propping the stock market, and reckless consumers propping the
economy, and it's all about to cease..........

I wonder who's going to prop the economy now? We've got who knows
what propping the stock market, and reckless consumers propping the
economy, and it's all about to cease..........



We all refinanced our houses at the record low interest rates to pay off those
high interest rate credit cards. Problem is, we don't have the discipline to
stop using the
cards so soon we'll all have twice as much consumer debt as before---(only a
portion of it will be disguised as a home mortgage and will cost a little less
in interest)

I think a lot of folks are cruisin' for a bruisin'
in the near future. Even though it's really their own fault, it's hard to avoid
feeling some empathy for their situation.

wrote in message
...
Consumer debt outstanding rose a seasonally adjusted $6 billion in July
to total $1.774 trillion, the nation's central bank said.

Overall June consumer credit was revised upward, to a gain of $100
million, from the initially reported $400 million drop.

I wonder who's going to prop the economy now? We've got who knows
what propping the stock market, and reckless consumers propping the
economy, and it's all about to cease..........

Oh, ye of little faith...

Can't you just accept the fact that the economy is beginning to click on all
cylinders?

wrote in message
...
Consumer debt outstanding rose a seasonally adjusted $6 billion in July
to total $1.774 trillion, the nation's central bank said.

Overall June consumer credit was revised upward, to a gain of $100
million, from the initially reported $400 million drop.

I wonder who's going to prop the economy now? We've got who knows
what propping the stock market, and reckless consumers propping the
economy,

You mean the Fed's monetary policy is finally having an effect? All of that
cheap money is getting people to borrow money and buy stuff? The other
thing getting people to buy stuff is the extra money they got as a tax
rebate...and the extra money in their paycheck each week.

Welcome to Macroeconomics 101, aeronaut. Hopefully, you're not "still
wondering who's propping the economy".

Which has what, exactly, to do with the subject of this NG: BOATS?

Which has what, exactly, to do with the subject of this NG: BOATS?

What has *money* got to do with boats? :-)

Never mind them they are posting due to the lack of knowledge
about boats... so they post their political flunky crap.

NH_/)_

"Edward Greeley" wrote in message
...
Which has what, exactly, to do with the subject of this NG: BOATS?