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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (1287)	12/31/2001 10:39:08 PM
From: BDR	Respond to of 306849

So, who takes the hit? The stock market or the housing market? Increase in Corporate Debt Could Hurt U.S. Recovery December 31, 2001 interactive.wsj.com What is happening on the corporate level mirrors Americans' household budgets, which also are stretched to the breaking point with a record $7.5 trillion in debt, up 8.5% from the end of the third quarter in 2000. If consumers begin to reduce all this debt, it could put a crimp in consumer spending in 2002. "It makes sense for the household and corporate sectors to reconsider how much debt they're piling on, because at some point it becomes too onerous," says Thomas McManus, chief strategist at Banc of America Securities. Mr. McManus predicts the Standard & Poor's 500 will rise just 4% or so in the next year, in part due to the heavy debts.