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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (43165)1/13/1999 2:03:00 PM
From: Earlie  Respond to of 132070
 
Mike:

Don't tell me you are worried about a tapped-out U.S. consumer. (G)

Incidentally, I remember hearing a well respected economist stating that the U.S. consumer was totally "debted out", about two years ago. Had a whole bunch of stats to prove it too, which were very convincing even back then. Probably she had not yet received her invitation to partake of a 125% household mortgage. (g)

Best, Earlie



To: Mike M2 who wrote (43165)1/14/1999 12:07:00 PM
From: Peter Singleton  Read Replies (1) | Respond to of 132070
 
Mike,

from your post,

<<Currently investment and consumption by the private sector has exceeded
current income by 4% of GDP until now it has never exceeded 1.4% of GDP>>

interesting info. gotta data set that has these numbers?

Peter


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