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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: mistermj who wrote (218269)	2/13/2007 6:38:56 PM
From: jttmab	Read Replies (1) \| Respond to of 281500

It's probably too much to hope for but ... those are two different comparisons. You've been out of the loop as far as some of the details. Don't worry about it, you can go back to sleep or try to figure out what else you missed during the 1980s. jttmab

To: mistermj who wrote (218269)	2/13/2007 6:43:21 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 281500

You can read very well, can you? From your own link: The figure covers most short- and intermediate-term credit extended to individuals, including car loans. It excludes loans secured by real estate, such as home mortgages. When mortgages are taken into account, the nation's households owe close to $9 trillion, Manning says. Last I checked, mortgage was still considered a debt. So your contention that it is just $T2 is flat wrong. As to J's number, I believe he mistook private debt for consumer debt. ST