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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (10608)	10/30/2002 10:31:24 PM
From: mishedlo	Read Replies (1) \| Respond to of 57110

Consumer debt State debt Federal debt Corporate debt Housing debt Credit card debt Pension debt (undefundings) Every damn one of these near all times highs to best of my knowlege This commentary often has debt charts but tonight's doesnt prudentbear.com

To: Petrol who wrote (10608)	10/30/2002 10:40:41 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

I do not know the exact levels... however I do remember for the longest time... (I mean all the way from the 70's and possibly the 60's) articles on the excessive debt existed and warned that the sky would fall. I also can say that a reasonable amount of debt, both by the leverage provided and by the design of the tax laws, is actually positive. Believe me I have tried the debt free route... and guess what... The IRS is an evil worse than the bank. The money given to the IRS is like burning it or placed into a sh*thole. At least with a bank, if your debt level is appropriate to the investment you are making and you are a good money manager... (meaning an "arteeste de l'cash fleu" -g), it is actually beneficial. The problem with debt is if it is either excessive, or mismanaged. That is what needs to be determined, not the "level" alone. just my opinion