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To: ThirdEye who wrote (66863)	8/13/2002 5:59:20 AM
From: LTK007	Respond to of 208838

<Nevertheless, consumer debt continues to rise toward all time levels.> and quite recent all-time high, i believe. This consumer debt is just another bubble. I hear some finance companies are now getting more and more pain from creditors filing bankruptcies. Next thing you know more and more people will be going to loan sharks, this is just another element in what i see as a very dangerous equation, we seem to be pressing the edge to a critical mass level. GD. p.s. the continuing building of debt seems to be what is called cognitive dissonnance at work, that is to have to sharply cut consumption is an unpleasant thought therefore the thought is rejected. Those people who refuse to look at their quaterly reports are another cognitive dissonance behavior.( i hear a lot of anecdotal chat that makes me think a significant number of people have reached that point) To view their quaterly report would be to have to face an unpleasant reality. So they don't look, and therefore it somehow is not real. GD.