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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: SmoothSail who wrote (32396)5/9/2000 3:40:00 PM
From: Doppler  Read Replies (1) of 63513
 
Just one question tho - why would the market crash when the economy is doing so well, when everyone has a job, 2 cars in every garage, and a chicken in every pot?

Simple- because they borrowed, borrowed, borrowed to pay for it all. Now with rates rising they owe more and with falliing equity prices they have no way to pay it all back.

Illiquidity.com

JMHO
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