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Personal Finances / Living Below Your Means


Subject:  Re: Not everyone gets a tax rebate Date:  6/12/2001  3:41 PM
Author:  Benevolent Number:  153108 of 910558

"Yeah, me too. Won't that just blow a huge hole in their "save-the-economy-by-giving-people-money-to-spend" plan. Especially if a large number of people do likewise. "

Did you see the latest consumer credit data? Economists expected an increase of $9 billion last month, while consumers actually added $14 billion in debt, most of it in the form of credit cards and other revolving balances.

I wouldn't invest in consumer stocks this summer if I were you. There's going to be a painful backlash.

On the plus side, those who have cash to use may find some investment bargains after the consumer stocks post a bad quarter or two.


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