Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Siddhartha Gautama who wrote (8264)	11/26/2001 11:20:01 PM
From: LTK007	Respond to of 99280

< i wonder how the ratio of average debt to per capita income compares between the present time and circa 1929.>Excellent question for which i lack a precise answer;however,i have read commentaries that have taken the position that the 10% margin leveraging of 1929 has more than been compensated for with abundant new means to go into debt such that,in some students of this matter, i have read that today's public is more at danger than in 1929. My cry against our present policies is that we are setting up the average citizen to be damaged badly while the rich just get richer. i do know as fact,that during the Great 1990s BOOM the poor got poorer,the middle class got slightly poorer and the rich got MUCH RICHER. I have the report on this matter posted somewhere on S.I.,probably on the Trader J thread.Max

To: Siddhartha Gautama who wrote (8264)	11/26/2001 11:35:28 PM
From: Chris McConnel	Respond to of 99280

>> i wonder how the ratio of average debt to per capita income compares between the present time and circa 1929. Something else people aren't considering: the new law that makes much more difficult for folks to get rid of credit card debt by declaring bankruptcy. The people that took on too much debt in the 80s, just declared bankruptcy in 1990-91, were issued new cards and went back to buying things again. That won't happen this time. They are saddled with debt and will have to pay it off. -Chris