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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (107164)	1/24/2010 1:01:26 AM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 116555

Well.. you were responding to "our boy, Elroy": Message 26268190 ... who was responding to my "tongue in cheek" post: Message 26268179 But this presents an opportunity to discuss just how much debt are you willing to accept as "normal"? Because I really don't understand what arbitrary measure you are using in determining what amounts to excessive debt.. IMO, if someone loses their job, debt that had PREVIOUSLY been completely serviceable suddenly becomes excessive (as in the case of my Niece and Nephew). That's why I focus on keeping people employed in productive jobs, even if it involves government funded infrastructure projects. It's very easy to create a debt crisis if you lay off 20% of our country's work-force. Hawk