Earlie,
I see that you, MB, others on this thread, and other media sources refer to a debt bubble or credit problem or Greenspan's loose purse as the cause of and eventual downfall of this market mania. I read that and I understand why that would be a cause of concern. However, my problem with that, at least at this point, is that I don't know how to verify the claim that there is a huge debt problem. It seems to be taken for granted as being fact, which it may very well be, but I was wondering if you know of any sources which would lend some data to back up this argument? I'd really like to understand just what all the components of this debt bubble are and if there is any way to judge it's current size and makeup based upon historical standards. I'd also like to be able to track it's growth, or lack thereof, for obvious reasons. 'Preciate any insight you, or others, might have.
Steve |
