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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Ahda who wrote (49576)	2/24/2000 3:38:00 PM
From: Hawkmoon	Read Replies (1) of 116764

Darleen, There is little doubt that personal and margin debt has me pretty spooked (don't blame the wife and I.... We're not part of that statistic.. :0) Don't really know what these people are buying (other than stocks). But we did see a rush of new home purchases over the last couple of years while interest rates were low. Personally, I would be interested in seeing what percentage of annual income people are paying to service that debt since someone can bear a heavier debt load if the interest rates are lower. But hey... that's what AG is all worried about. People using their capital gains and factoring them into their debt carrying capacity. Again, the margin issue really spooks me. But hey... look on the bright side... we are running a surplus... <VBG> And we could be far worse off. Japan is the world's largest debtor nation. So much of those terrific quantities of Yen savings will be spent paying that debt off through taxes. Regards, Ron

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