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To: patron_anejo_por_favor who wrote (57835)1/14/2001 2:24:09 PM
From: robnhood  Read Replies (2) | Respond to of 436258
 
Someone on the bearforum pointed this out, and it is a question which also bothers me.. It's talked a lot about on here and Nolands column , but nowhere else. Are we the only ones who know about this?

<<Re: No credit Bubble Discussed!!!!

Posted By: Bim
Date: Saturday, 13 January 2001, at 7:07 p.m.

In Response To: Barron's Round Table Discussion (Exubearance)

The panel was not questioned about the credit bubble. It is a puzzle to me. John Neff (an
old line, experienced fund mgr I believe it was Vanguard Windsor) talked about
consumer debt a little. He said that talk of the consmer being tapped out perhaps was
not true. He cited the fact that for the last 20 years mortage & fixed cost consumer debt
ranged between 11.5%-14%...Today it is 13.5%. Otherwise there was no discussion
save one throwin remark by Art Samberg who said, "you could have a financial
accident"... Are they afraid to talk about the explosion of credit or does it really exist to
the degree we think it does??.....Any thoughts???? >>