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To: patron_anejo_por_favor who wrote (13835)7/11/2003 7:46:19 PM
From: russwinter  Respond to of 39344
 
Exactly, right now it seems that lenders (or more specifically our trade partners, who get stuck with all our paper money) are still monetizing some credit, but in a maladjusted, distorted manner (household debt YOY is up 7.7% despite nominal income gains, and rising unemployment and underemployment)and where it's not really needed. The effect is that it just rots the alcoholic's liver until he dies.