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To: Mark Adams who wrote (108031)6/11/2001 11:26:59 AM
From: Thomas M.  Read Replies (1) | Respond to of 436258
 
I can't imagine why you would think that would alter the picture. For 4 decades, homeowners equity has been falling, household debt as a % of GDP and disposable income have been rising, and corporate debt as a % of GDP and corporate revenues have been rising. These figures are all normalized for the factors you cite.

Tom