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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (7307)	10/25/1997 11:29:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 94695

uh uh. I respectfully disagree. Go look at what happened to Sears. A whole bunch of people, a HUGE number of people, have figured out how to get merchandise for free, courtesy of Sears stockholders. Tip of the iceberg. largest problems are in the South, not california.

To: Joan Osland Graffius who wrote (7307)	10/25/1997 6:38:00 PM
From: Investor2	Read Replies (1) \| Respond to of 94695

RE: " It is my opinion credit card debt is a social welfare system. The credit card companies will charge high enough interest so they cover their losses and make a profit." Interesting view point - I had not thought of the credit card debt problem as a social welfare system, but it sounds logical. Consider this scenario: The number of people receiving "social welfare" in the form of forgiven credit card debt (i.e., bankruptcy) continues to increase. This causes credit card companies to charge much higher interest rates to those that pay their bills over time. In fact, the interest rates get so high that the people who pay their bills either stop making purchases on credit or declare bankruptcy themselves. Suddenly (or gradually), the credit card companies' cash inflow stops and they go out of business. All of the investors in the credit card companies loose much or all of their investments. What happens next? Is this remotely possible? Best wishes, I2