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To: RetiredNow who wrote (59173)5/1/2002 1:07:18 PM
From: SouthFloridaGuy  Respond to of 77400
 
There really wasn't just that much debt (leverage) around in 1991 as compared to today - both on corporate balance sheets and household balance sheets - even adjusted for GDP/Income, etc.

I thought this was clear as to the extent of the problem. There are plenty of studies that you can find off the net to answer your questions.



To: RetiredNow who wrote (59173)5/1/2002 1:13:04 PM
From: Mick Mørmøny  Read Replies (1) | Respond to of 77400
 
mm: You missed the soup that I made out of the 2 pennies yesterday. 13-something is a lucky number, IMO, so I'll be in again for a Long Term Buy & Sell (LTBS).☻

Mick (_$_)



To: RetiredNow who wrote (59173)5/2/2002 8:46:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
<<P.S. I have a truck load more in debt than I did in 1990, but my net worth is 10 times what it was in 1990. So I don't mind the debt (and no it's not margin or any other high risk debt, rather it's house and car loans). >>

Did you know that if you have an IRA or a 401k the govt does not count that as savings?

And if you take on personal debt against your house or unsecured personal debt and buy a small business, the debt shows up in govt figs as debt, but in terms of assets, your new business is ignored.