Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (213868)	12/23/2004 7:33:23 PM
From: RetiredNow	of 1572973

I did post a link showing you household wealth which stands at $45 trillion as compared to household debt, which is somewhere between $30 and $35 trillion, according to you. So by those figures, we stand at around $10 trillion in POSITIVE net worth. That is substantially higher than in 1929. More food for thought. Greenspan says don't sweat the debt: forbes.com --------------- Greenspan said that one factor pushing up debt levels has been the increase in the number of Americans switching from renting to owning their own homes in recent years as the housing industry has enjoyed record sales levels driven by the lowest mortgage rates in more than four decades. Overall, Greenspan said, "Household finances appear to be in reasonably good shape."

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