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

To: russwinter who wrote (63017)	6/7/2006 10:19:25 PM
From: sammy™ -_-	Respond to of 110194

Stopping the Consumer Requires Kryptonite, Not Expensive Oil. Consumers will draw down their savings even more. And really, can you blame anyone on Wall Street for believing that? The last time the U.S. consumer pressed the pause button was the fourth quarter of 1991 the next time will be a big panic button. It took 30 years leading up to 1986 for the debt-to-income ratio to grow from 50 percent to 75 percent. It's taken us only six years from 2000 to get to nearly 130 percent. If everyone suddenly stopped spending and started saving, we'd be in real trouble :)