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To: Don Earl who wrote (990)8/18/2002 3:06:16 AM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 1169
 
Don,

I happen to agree with your take on the future with the debt load in the US. This generation that is running our corporations and working for a living and are up to their ears in debt are not prepared mentally for a debt crises. They don't understand that credit could dry up. Heck, I was playing golf with a gal my age and we were talking about these kids paying off mortgages when the value of the house is less than the mortgage and her response was at least they have a house - so I am not sure the parents of these kids understand how interesting things could get.

Joan