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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The noose is too loose.. Posted by Ward-CA- on January 08, 2004 at 2:25 PM In Reply to: The noose is tightening! posted by Scott on January 07, 2004 at 10:15 PM : Interesting read............. : "Consumers dig to record debt depth" : http://www.twincities.com/mld/twincities/news/local/7639995.htm ========================= Scott, The article you referenced has Greenspan stating that the consumer debt level isn't presently "a significant cause for concern". And the economist for Wells Fargo in Minneapolis, Sung Sohn, states that though the level of consumer debt does raise concern, for now the average American is OK. Sohn goes on to warn that, given our high debt load, if a sharp setback in the economy or a spike in interest rates occurs, such an event could destabilize our economy. So it seems we're currently OK, as long as something drastic doesn't occur. That makes me feel confident enough to surmise we're going to be OK for the short term (next 6 months). Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Interesting read............. : : "Consumers dig to record debt depth" : : http://www.twincities.com/mld/twincities/news/local/7639995.htm : ========================= : Scott, : The article you referenced has Greenspan stating that the consumer debt level isn't presently "a significant cause for concern". And the economist for Wells Fargo in Minneapolis, Sung Sohn, states that though the level of consumer debt does raise concern, for now the average American is OK. : Sohn goes on to warn that, given our high debt load, if a sharp setback in the economy or a spike in interest rates occurs, such an event could destabilize our economy. : So it seems we're currently OK, as long as something drastic doesn't occur. : That makes me feel confident enough to surmise we're going to be OK for the short term (next 6 months). Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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