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To: Bill F. who wrote (36086)	4/25/1999 10:55:00 PM
From: Broken_Clock	Read Replies (3) of 86076

Don't know if it was posted here earlier, but on the grant's e-mail teaser this weekend there was a blurb about consumer debt: <<-> THE POOR CONSUMER "'More than one-third of the entire population is immediately at risk of insolvency if almost anything financially negative happens to them,' said Stuart A. Feldstein the other day, referring to none other than the American population in this, the new economy. Reading Feldstein's remarks, we stared, swallowed - and called for a second opinion. To Susan Sterne, ace consumer economist, we asked, Can in be? Certainly, Sterne replied. She sent back the accompanying fraph, which shows that the growth in consumer borrowing last year outstripped the growth in consumer spending. The readers of Grant's can probably guess where the consumer placed some of the proceeds of his or her borrowings.">>

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