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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: kris b who wrote (49181)1/9/2006 2:13:23 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
The false premise is most people are carrying record debt. Only a segment of the population is and so what. Builds character totally lacking with the new age generation and they will capitulate and start again. Their nondiscretionary spending will not change much, food, clothing, transportation to work and shelter. They'll just cut back on the electronic gadgets and get a used Corrola after trading in the new SUV.