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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Frodo Baxter who wrote (570)10/18/1998 9:21:00 AM
From: Enigma  Read Replies (1) of 2794
 
LK "So some poor sop who takes home $100k would owe $93k on his house, car, and Visa. "

Something screwy about this statement? If a person takes home $100, 000 after tax and deductions, he then has his normal living expenses. His disposable income is what is left after that and, if the statistic is correct, he then has only 7% of what is then left for discretionary items, including savings (from what I've read very little goes there)

In a single leap we've gone from a sapling to the whole forest I see?

If I read you correctly, you have complete faith in monetary policy as the engine which creates demand. What has worked in the past will always work in the future? But isn't demand created also by peoples' perception of the future - that the good times will continue to roll? If this perception changes, if lay- offs escalate, won't expenditure be deferred, and repayment of debt become a priority? E
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