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To: fedhead who wrote (147729)	9/17/2002 5:21:40 PM
From: Lizzie Tudor	Respond to of 164687

re: "tower of debt accumulated by the consumer" Anindo, what are you referring to here. What kind of debt, credit card? Thats tiny wouldn't you say? Or do you think the new car financing is the issue? I keep hearing about some sort of debt crisis but I can't quite figure it out, people I know that have debt (mortgages) just refinanced and cut their payments, debt seemed higher when we had a bull mkt with all the margin debt. I agree the homebuilders are in jeopardy regardless though. I am a housing bear. L