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Politics : Ask Michael Burke

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To: Tommaso who wrote (54891)	4/7/1999 11:32:00 AM
From: BSGrinder	Read Replies (1) of 132070

Good description of the way the world seems to be working. But things have a way of changing. I am curious about the theory behind your personal strategy though...you said you are eliminating your debt. Why is debt currently undesirable, given the likelihood of rates going higher? If the entire debt explosion gets truly unserviceable, isn't it better to be on the side owing money rather than holding a promissory note? I appreciate your thoughts, as I too am trying to position my family sensibly for the BK (which I know is a myth <g>). /Kit

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