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

To: Knighty Tin who wrote (65830)8/5/1999 10:12:00 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 132070
 
>>But I was not really saying they are borrowing to buy stocks. I
am saying their stock margin, installment credit, their credit
cards and their mortgage debt are way over extended and any
dip in the market could have a domino effect.<<

With THAT, I agree. The "wealth effect" may suffer a severe contraction when people get a look at their August brokerage statements. <g>

Of course that should make Greenspan really happy!

bp



To: Knighty Tin who wrote (65830)8/5/1999 10:48:00 AM
From: re3  Read Replies (1) | Respond to of 132070
 
Michael, what in the world has gone wrong when two income families still have to borrow to live...

i am hanging on to my golds for now and not writing any calls (yet anyway)...me thinks the fun is just about to begin...

any long shot poots you'd like to suggest at this juncture ?

ike


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