Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 159.32

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10:35 AM EST

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To: Jim Willie CB who wrote (10447)	7/18/2002 9:39:49 AM
From: Robert Douglas	Read Replies (2) of 10921

Jim, will check debt links, and it might take a few days I believe the biggest rise is in corp debts if I recall, corp debt load is 3-4x what it was in 1990 but GDP is only 40% higher (or so) Well clearly your recollection of the 90's is off. GDP last year was almost 80% higher than in was in 1990. $5.7 trillion to $10.2 trillion. I have already provided links showing federal debt vs. GDP is actually down and here is a link about consumer debt. federalreserve.gov It is a table of “Household debt-service payments as a percentage of disposable personal income; seasonally adjusted.” Notice that in 1980 it was about 13%. The first quarter of 2002, it was 14%. Is this the massive increase in debt service that you were referring to? Take into consideration that many people have begun using credit cards as a method of payment and the household debt burden probably hasn’t changed much in 20 years. Furthermore, if plotted against household net worth, my guess would be that it has actually fallen over the period.. My recollection of "total debt" in America is that it is approximately $30 trillion up from about $15 trillion in 1990. Clearly, since GDP was up 80% during this time, the relative burden is not the daunting mess you make it out to be. Sorry I can't provide a link on this and it's possible the numbers I remember included the SS Trust fund debt, which really isn't the same. So Jim, please understand our frustration with you when you appear here and spout "facts" without providing any links. You seem to like to throw words like "debt meltdown" out smugly and think we will take you at your word.

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