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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (31388)	10/25/1999 8:58:00 PM
From: pater tenebrarum	Respond to of 99985

Benkea, that's the big Achilles' heel of the current economic expansion...excessive credit creation. the only other period in more or less recent U.S. history that had comparable levels of indebtedness by the private sector (household and corporate) accompanied by a budget surplus and extreme advances in asset prices was the 1920's. sorry for dragging this up, but it's a fact. regards, hb