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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (14221)	2/17/1998 1:37:00 PM
From: MythMan	Read Replies (1) \| Respond to of 18056

Mike, Lets handle these in order: >>is it a misconception that personal bankruptcies, defaults and credit card delinquencies are at or near record levels?<< No, and I didn't ask about this topic. >> Consumer installment debt is at or near a record level as a % of disposable income.<< Same answer as above. >>I need an errand boy to keep track of my stats<< I thought thats what you had grim for. <g> Mike, you toss around some of these stock ownership stats rather loosely. As its always been, the bulk of the wealth in this country is held by an elite and small percentage (not spoiled boomers but inherited money). Their stock ownership % is also higher and has existed long before 1990. Now I agree that alot of money has flowed to market since 1990 but its probably money that used to go to other investment options. People weren't buying 14 bill of BMW's a month <g> Pete