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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (63405)6/29/1999 10:19:00 AM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Paperchase, the trouble with excessive consumption funded by debt encouraged by rising asset prices is the debt stays fixed while asset prices fluctuate. How solvent will people feel (be) when their stocks decline 50% and their homes decline in value as well. Mike



To: PaperChase who wrote (63405)6/29/1999 10:49:00 AM
From: Knighty Tin  Respond to of 132070
 
PC, The problem isn't folks taking on more debt as stocks go up, it is paying off the debt after their stocks go down. Debt is not a problem until it becomes a problem. Then it is death on a stick. <g>


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