Signs point to an end to America's buying binge
By David R. Francis
Have American consumers finally emptied their purses? Economists have debated that question for a few years now, and for Paul Kasriel, the answer today is "maybe yes." As evidence for this conclusion, Mr. Kasriel, director of economic research at the Northern Trust Co., a Chicago bank, looks no farther than Harley-Davidson Inc. Last week the fabled motorcycle manufacturer announced that it was cutting back shipments of its machines and its earnings forecast for this year. Apparently too many 2005 models are cluttering dealer floors.
continued:
http://csmonitor.com/2005/0418/p17s01-coop.html
Have the credit cards of Americans begun to "Max out."