Thursday, October 13, 2005

Tough Christmas?

Could be a tough Christmas for consumers this year with:

1. Heating oil skyrocketing and a cold winter expected in the Northeast

2. Mortgage rates on the rise

3. Credit Card Minimum Payments Increasing in January

4. Personal savings rates are negative

I predict one final dip into the home equity ATM may just save Christmas this year, but it could be a stretched holiday for a lot of consumers.

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