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Pastimes : The Big Picture - Economics and Investing
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To: John Dally who wrote (624)7/6/1999 11:07:00 AM
From: Arik T.G.  Read Replies (1) of 686
 
John,

The article explains the negative savings rate.
Homeowners got more leverage and used the extra cash to buy durable goods.
That couple bought cherry cabinets on margin. Almost the same as buying stocks on margin, only when it goes sour on you, you get thrown out of your home.

ATG
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