Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (29053)	3/4/2003 6:28:44 PM
From: philv	Read Replies (2) of 36161

As long as interest rates stay down, debt can be handled....perhaps. You know the inevitable outcome in rising interest rates. Some folks believe a huge upside after the Iraqi war. Where then will interest rates go? The other problem, how high can debt be piled? If the war outcome is negative, expect even more debt. Once a person has taken on a huge debt (like mortgage), how much more can he bare? Where will the good jobs come from? Debt is already a problem with bankruptcies costing the economy hundreds of billions per year. Greenspan sees no problem with mortgage debt. Could it be because most of the dollars he created has gone into this sector? It almost seems to me "they" won't be happy until everyone is buried in debt. And even if you sacrifice and stay debt free, your share of your government's debt keeps growing and growing. Hopefully the day of reckoning never comes, because if it does, they will look to you to help bail them out. Phil Phil

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