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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (7428)	10/6/2003 4:00:57 PM
From: BWAC	Read Replies (2) \| Respond to of 25522

There isn't any consumer debt burden to speak of presently. It costs practically nothing to carry debt right now and the Debtees will extend payment terms for practically however long you want just to push product out the door. Thus there is no consumer debt burden. The Fed and Greenspan have seen to that. If you want to see the (forgotten by the consumer) burden become very real, then skip forward to the next chapter where the Fed and Greenspan reverse course and absolutely bury the above debtors. But hey? Who cares. Party on.

To: Alastair McIntosh who wrote (7428)	10/6/2003 4:42:48 PM
From: The Ox	Respond to of 25522

Thank you, AM. A much more comprehensive and effective presentation of what I was thinking about while reading the Money article. Imo, one of the worst problems our school systems have is that they don't properly teach economics and "money sense". It seems this is left to the family to teach or ignore, which means that a substantial portion of our young population grows up without comprehending how simple it can be to live within your means. If handled properly, money "makes" more money but this is a lesson that way too many people have never learned. Or worse still, people are taught "bad habits" which compounds poor money management. I guess this is getting close to a "political" post, so I will end it here and encourage other posters to get back on the AMAT/semi wavelength.