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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: TobagoJack who wrote (96835)4/20/2001 11:57:03 AM
From: Mark Adams  Read Replies (1) of 436258
 
Jay- good insight re the interest rate and effect on debt burden.

I would comment that much of the consumer debt is fixed rate, meaning a rise or drop in rates has a muted impact on debt service cost at the consumer level.

In a period of declining rates, as we are now, I don't see the debt burden as unusually high, nor a probable key factor in a new depression.
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