[FoRK] Dollars for wallpaper ...

Russell Turpin deafbox at hotmail.com
Wed Mar 10 18:14:35 PST 2004


John Hall:
>The worst scenario is a sudden cutoff, but I don't think that is likely.

Maybe. Credit has expanded so much, with
interest rates kept so low, that any contraction
is likely to snowball. The numbers just out
today say that consumer credit jumped
$8 billion in January, to $2 trillion dollars.
That's about $15,000 average per family,
exclusive of mortgages.

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