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Pastimes : Ask Mohan about the Market
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To: MythMan who wrote (10774)12/10/1997 7:17:00 PM
From: Mike M2  Read Replies (2) of 18056
 
Pete, credit card deliquencies are at a 15 year high so someone isn't paying off their balances each month. Bankruptcy filings were 1.4 million this year(Ithink-g-) up from 300000 or so in the early 80's. Cash balances as a percentage of their consumer debt are at about 65% down from 115% in 1985. Yes the recession may have been mild but my point about the weak recovery is why price stks at record levels when the economy is not booming. More later. Mike
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