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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (2608)11/25/2003 4:33:38 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
I dont believe consumers base their debt extension decisions on the inflation/deflation debate

I believe they are totally addicted to spending and all manner of consumption

they are also strapped, if with families & children
their needs far outstrip their income
thus debt is extended

/ jim
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