Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (6607)	8/5/2001 12:26:03 AM
From: Cogito Ergo Sum	Read Replies (1) of 74559

Gee whiz, Look what I have to come back to after a hard day at the beach. Oh, horse hockey and Joe Six Pack is now paying 14.3% of take-home pay on debt :o) We (collectively) discussed this issue a while back. I remember thinking (and I believe I posted) that I didn't think the numbers were so bad yet. My dilemma stems from the combination of refinancing and the expectation that JQP will renew his/her spending with abandon to buy us out of our problems. Duh! to Alan G. as JQP should be saving and paying down debt. Comes a time when individual debt service will be too high and what then ? *"Increased unemployment" - from 4.0% to 4.5%. Ask DJ what Germany* Hey! we Canadians would also like those stats: :0) statcan.ca:80/english/Subjects/Labour/LFS/lfs-en.htm but......hold your horse hockey ! What about quality of jobs ie. wages as one example ? Social programs etc are also a big factor in those numbers n'est-ce pas ? *time to think like a contrarian.* I dunno. I'm not as Doom and Gloom as Westpacific or Nicholas Gates, maybe even a tad to the bullish side of Jay, but I'm not excited yet :o) Well my dear, I'm going to enjoy some (honestly more) Ruddles Best on the nearly completed patio now and enjoy the cooler night air. regards Kastel

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