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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (460143)	3/1/2009 4:05:37 PM
From: combjelly	Respond to of 1577593

"Household debt and income inequality, I'm not sure if there is a cause effect in there." Not as a first order effect. But, the times when income inequality climbs, you usually have stagnant wages while the economy is growing. People are more likely to run up debt under those circumstances. In the 1920s the economy was being driven by a lot of new technology. Movies, telephones, radio and automobiles were all things that people were buying that just weren't readily available before. Plus, the newly industrialized US was exporting more valuable products than they had been before.