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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (107099)6/7/2001 12:59:17 AM
From: Mark Adams  Read Replies (1) of 436258
 
Puts a serious dent in the debt driven secular downturn argument. Thanks for the link.

I believe the %equity number has fallen due to higher levels of ownership in aggregate, with newly minted home owners having a negligible equity position, combined with tax law changes the remove barriers from older folk downsizing and redeploying their accumulated equity into income generating investments.

That leaves corporate debt burdens, which I believe have expanded.

If the debt burdened middle class is just a case of ancedotal tales, what does that imply for the intermediate term outlook? I'll have to revisit the bearish arguments.
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