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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (64214)	7/8/1999 5:11:00 PM
From: Joan Osland Graffius	Read Replies (2) of 132070

Wayne, >>I think it is safe to say that people are carrying a very high load of interest bearing credit compared to the past. I agree with your thoughts on this issue. The big question is when does the system fall apart under its own weight. The retail numbers today looks like there is still consumer purchasing power. We are seeing corporations able to obtain debt lately and this cash will be spend somewhere. Either for real investments, credit to their customers, buying other companies, or buying back their own stock. It looks to me like the spending binge is not over just yet. Joan

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