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Politics : Ask Michael Burke
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To: gnuman who wrote (68495)10/1/1999 1:58:00 PM
From: Knighty Tin  Read Replies (3) of 132070
 
Gene, I don't disagree with what they are saying, but I think they miss an important point in not noting that both stock purchases and consumer goods have been purchased, to a major degree, with debt. So, the risk of a market crash is not just slower spending, but financial ruin. Which is a wee bit worse. <g>
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