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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (81889)1/1/2000 12:05:00 PM
From: fut_trade  Read Replies (2) of 86076
 
U.S. Businesses, Individuals Binge on Debt; Boom Lingers

interactive.wsj.com

U.S. corporations and individuals are on a borrowing binge of historic proportions, making them more vulnerable than ever to any slowdown in the economy...

record $4.2 trillion in debt outstanding..up 12% from the same period last year...debt load is up a staggering 60% in the past five years alone...Corporate debt represents 46% of the nation's gross domestic product, the highest level ever.

household borrowing rose at a 9% annual clip...now stands at a record $6.3 trillion...almost a 50% jump in the past five years
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