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To: Fiscally Conservative who wrote (40842)	11/27/2012 1:55:04 PM
From: Jack of All Trades	1 Recommendation Read Replies (1) \| Respond to of 222324

You want to see consumer debt explode, go over the cliff... I know many defense workers that will be effected...

To: Fiscally Conservative who wrote (40842)	11/27/2012 2:05:10 PM
From: Keith Feral	Respond to of 222324

ar-management.tmcnet.com Consumer debt fell at the slowest pace since 2009 last quarter - only down 2%. Consumers probably still have more debt than they need, but consumer debt is much lower than it was going into the credit crisis in 2008. I think it will take at least another year or two before consumer debt shows any increase from the prior year. I think that will be brief, however. It will be very difficult, if not impossible to get consumer debt levels back to prior levels for the very reasons you mentioned. Economic growth won't support much more than 2% loan growth. So, the question remains why the government would need to generate $1 trillion deficits to support consumer loan growth that just isn't happening. In reality, the FED basically financed 100% of new Treasury obligations over the past 4 years, with all the profits being reinvested or going back to the taxpayer.

To: Fiscally Conservative who wrote (40842)	11/28/2012 9:28:29 AM
From: robert b furman	Respond to of 222324

Here's a fairly good read on consumer debt. nerdwallet.com The average is not that bad,but there are many who are buried in debt. I'm relying more on those without debt and or low debt to keep our economy stable. There is a large segment that are buried in debt. With most writeoffs over the banks have tightened up loan standards. It will be the conservative families without debt that will take advantage of low rates and keep purchases going into the future. Things will not be boomy but the bust is over. Slow and steady for a long time. For those who did not get into debt - the same old good times with a touch of the usual conservative view. For those high rollers that spent with debt - some very tough forward times. I do not see anything so threatening in that - it is as it always should have been. JMHO Bob