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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Wyätt Gwyön who wrote (116249)8/9/2001 6:24:32 AM
From: Ilaine  Read Replies (2) of 436258
 
I agree with you completely. Turning aggregate numbers into per capita numbers doesn't really tell you much meaningful because of the way that wealth is distributed. The rich are very very rich and the poor are very poor. If you average the take-home pay of 999 burger-flippers and Bill Gates, those are some very rich burger-flippers.

Similarly, debt isn't distributed evenly. The rich also have more debt.

But if you are going to look at aggregate debt, it makes sense to look at aggregate assets, doesn't it?

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Maybe I need to put some kind of disclaimer at the bottom of my posts when I post here: I agree that the economy is slowing down, along with all the inferences which can be drawn from that. No, I am not long yet.
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