Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (11696)	12/7/2001 10:28:43 PM
From: Cogito Ergo Sum	Read Replies (1) of 74559

LOL Mark, not be displaced by despair No despair here :o) Actually I didn't recall who it was, just the topic being discussed was what caught my eye. Where I live I don't see any anecdotal evidence from my neighbours of anything untoward to be frank. On the retail front though to be sure I'm seeing a lot of sales earlier than usual which may actually prompt me to spend more this year. I've already treated myself whoops I mean my kids to more rokenbok.com . Of course NO INTEREST NO PAYMENTS till 2525 (If mankind can survive ;o) is great for someone like me with no debt to speak of and mighty tempting for those with debt. It might turn out that corporate debt imploding becomes the catalyst that creates a problem in the household capital structure. A bit of a black and white view ? That doesn't need to happen to cause severe problems. I don't expect people to be going bankrupt left right and centre, but I do expect a great deal more hunkering down by people with less disposable income, ie less frivolous spending like I did above ;o) Besides the 'champ' ain't down for the count yet. regards Kastel

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