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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (27391)12/21/2000 11:58:54 AM
From: Thomas M.   of 53068
 
we have been finally paying down this debt

This seems to be a very common misconception, perhaps fostered by the bullish establishment (Wall Street and Washington). Government debt is not piling up as quickly, but corporate and personal debt has exploded. This is what has fueled our stock market and economy over the past decade. Overall debt (government + personal + corporate) is much, much higher as a percentage of GDP than at any time in our nations history.

contraryinvestor.com
contraryinvestor.com

Tom
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