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

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To: The Phoenix who wrote (34801)5/19/2000 11:51:00 PM
From: Doppler  Read Replies (1) of 63513
 
I agree with much of what you are saying, but what are "old measures". What are the new measures for assessing debt?
Mortgage debt isn't the problem. Margin isn't really either. At least not directly with the economy. It is still at the second highest level in history, but is nowhere near as big a problem as consumer debt. The average American has something totally unbelievable like 10, or even 20, thousand in credit card debt. That's why the economy is cooking along. People spending money they don't have. That's why I'd like to see tighter monetary policy without more rate hikes, until as you said, we see what happens with the ones already in the pipeline.

I miss the bull-run too, but I'd rather have a normal economy and stock market, than a bubble that gets so out of control that we have a depression.

JMO,BWDIK

Jeff
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