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


To: LLCF who wrote (17093)3/20/2002 2:47:07 PM
From: patron_anejo_por_favor  Respond to of 74559
 
<<except to note that IF people keep taking loans on their assets as they increase in value that could be a problem... again, asset values fluctuate... debts don't.>>

Why are we even having this discussion...the point was made CRYSTAL clear in March, 2000 when margin debt as a percent of stock market cap was at an all time high, and it was determined not to be a problem so long as stock prices kept rising!<G>



To: LLCF who wrote (17093)3/20/2002 2:47:38 PM
From: GraceZ  Read Replies (3) | Respond to of 74559
 
Are you under water on your mortgage? I'm not, nor do I know anyone who is, although I'm sure someone out there is because I was in the past with a former house. Even so, while I was under water on that mortgage I had plenty of other assets that more then made up for that situation. On the whole, the Boomers as a group have a much higher net worth than they did ten years ago. Which refutes the idea that as a whole, they are worse off.