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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (11285)	11/24/2001 7:08:43 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Hi LLCF, Locally, a furniture company is offering an interest and payment free deal until April, 2003. Yes, about 16 months of your new living room suite without paying a dime. So, when you say 21% is too high, I take the Alfred E. Newman attitude - "What, me worry?" On the face of things, consumer debt seems unsustainably high and worthy of concern. OTOH, it seems that the debt industry isn't bound to run off the tracks immediately, just suffer some attrition from defaults on the edges. There will be some very interesting and creative shenanigans in the 10-K's and 10-Q's coming out of the industry in the next few periods. Thanks for the link to the Barron's column, seems to be classic Abelson. <g> -R.