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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (28559)	2/8/2003 8:37:52 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

<I like this debt chart... 63.94.109.96 > Me too. I was worried for a while that the USA, like Japan and me, would get old, wealthy and lazy and stop working. Now I see that they will be working until they drop, singing the good old refrain as the 7 Dwarves march off to the mine "I owe, I owe, it's off to work we go...". That's excellent. It means they'll have to buy cdma2000 phragmented photon light-sabre powered cyberphones to keep their productivity up. I used to use cellphones flat out, but that was when I was gainfully employed and had to be in constant contact with customers and employers. Now I'm a troppo layabout and don't even wear a watch and barely use a cellphone. It would be terrible news if debt levels were dropping. Debt is also a great way of bringing consumption forwards to today, instead of waiting to save up enough to buy the items of interest. People can just put their new cyberphones on the credit card and start making lots and lots of calls, right now! Let's hope China also gets a high level of debt. India needs a lot of debt too. There's not enough debt in the world. Mqurice