Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (17074)	3/20/2002 2:29:19 PM
From: LLCF	Read Replies (1) of 74559

<Basically people have high debt levels because they won't give up the asset side of their balance sheet to pay down the liability side as long as they are able to service the debt. If you are implying that most families have liabilities that exceed their assets I would have to say that the data does not support that kind of conclusion. Families with the highest levels of debt tend to have very high asset values to offset that debt. > Too bad the value of the debt doesn't fluctuate with the value of the assets. DAK

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