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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (63356)6/29/1999 3:01:00 AM
From: PaperChase  Read Replies (2) of 132070
 
For once I am in agreement with you about investors not spending their capital gains to fuel the retail sales. Pure drivel. Many are afraid to take money off the table because of feared tax consequences and missing the next leg up in the mighty bull market. (Which will happen later this week.)

However, is it irrational for consumers to take on more debt if they see a brokerage statement or house appraisal showing whopping increases in value? Maybe not.

I had a slow month debt wise in June. My total credit lines only increased by 1.5% this month. Now that scares me. <g>
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