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Strategies & Market Trends : Paint The Table

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To: MulhollandDrive who wrote (4159)	12/1/2001 1:11:34 PM
From: Jorj X Mckie	Read Replies (1) of 23786

The part that you highlighted should give people a pause. The question is whether spending today is robbing Peter to pay Paul. Is current spending being borrowed from tomorrow's spending? The danger is that current consumer and corporate debt levels leave little room for expansion. So debt limits may impose limitations on spending that could lead to a self-feeding cycle of declining consumer and corporate spending. If I buy a car today at 0% interest. I am not likely to buy another car for a couple of years. We could be creating a situation similar to what happened in techs from the Y2K spending and telecom overbuilding, but this time throughout the economy. Scary

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