Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (18086)	4/11/2002 5:04:02 PM
From: elmatador	Read Replies (1) of 74559

Talking about mountain of debt is not new: The US economy stands atop a mountain of 2.5 trillion debt...The US economy, is the debt economy, par excellence. It has the biggest lenders and the biggest loan takers, plus the most sophisticated financial system. Enterprise debt: USD 1 trillion Mortgage debt: 600 billion, federal government debt: 500 billion, sate and local governments debt: 200 billion, consumer debt 200 billion. To feed during 30 years the economy boom and export it to other countries, the nation was taken an average 200 million dollars each day. Every day since the end of WWII. Business Week, 1975. (Cannot precise the month.)

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