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Strategies & Market Trends : Strictly: Drilling II
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To: TheBusDriver who wrote (26638)1/26/2003 9:40:49 AM
From: loantech  Read Replies (2) of 36161
 
Wayne,
A bit of humor yes, but OTOH I am quite serious. System on the consumer and corporate and government side is loaded with debt. At current interests rates which are at historical lows the debt service is still difficult to payback, ie, mortgage defaults are on the rise, late payments for consumer credit are on the rise, bankruptcies are on the rise. What is going to happen if in a few weeks, months, or year or so if interest rates turn up? Payback will become more difficult.
Not a time for me to be jumping out of my mining stock investments BWTHDIK?
Tom
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