In article , D Murphy says...

The savings rate went negative in 1998. The assertion that most Americans
are barely holding on, based on credit card debt, is just silly. Look
around you. Who is buying all of the houses being built? What about all of
the cars and SUV's?

You *could* have said the same thing in september of 1929.

"Look at all the folks making money and participating in a
booming stock market. The complaint that they're just doing
it all on margin is just silly."

Jim


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