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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (115923)8/8/2001 4:12:20 PM
From: Thomas M.  Read Replies (1) of 436258
 
What's with you guys? When debt was going up, that was grounds for gloom-and-doom, now debt is going down, and that's grounds for gloom-and-doom, as well.

Your inner bull is producing pretzel logic. Debt going up was the grounds for the boom, not doom & gloom. The overall size of the debt (on a macro and micro basis) was the grounds for the notion that this must soon reverse into debt going down, which is bad.

Tom
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