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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (43538)	5/27/1999 1:03:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

I see you are in evil genius mode today.

To: MythMan who wrote (43538)	5/27/1999 1:17:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

More debt info from a friend: With US household debt exceeding mortgage debt for the first time ever near the beginning of 1998, and US household stock ownership achieving the highest percentage ever of household net worth, I think that the additional debt load taken on these last few years will add to selling pressure in equities just like margin debt did in 1929-1932. As the statistics are reported, auto leases (more than 1/3 of all new car sales in the US) are not household debt, but second mortgages and Home Equity Lines of Credit are. Faced with losing their cars or their houses, many people will sell their stocks, even at a loss. I seem to recall the total in the US for non-mortgage household debt to be around $13 Trillion.