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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (65830)	8/5/1999 10:12:00 AM
From: MulhollandDrive	Read Replies (1) of 132070

>>But I was not really saying they are borrowing to buy stocks. I am saying their stock margin, installment credit, their credit cards and their mortgage debt are way over extended and any dip in the market could have a domino effect.<< With THAT, I agree. The "wealth effect" may suffer a severe contraction when people get a look at their August brokerage statements. <g> Of course that should make Greenspan really happy! bp

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