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To: techtonicbull who wrote (44534)8/19/2001 2:05:45 PM
From: Steve Lee  Read Replies (3) | Respond to of 64865
 
More importantly, what is the level of debt and can Americans afford that debt in a slowdown?

A Newsweek article asks this same question:

msnbc.com

Maxed Out

A nation of shoppers, we financed the boom of the ’90s with a heavy reliance on credit. Now, with the economy slowing, the bill for our record borrowing may finally be coming due