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To: A. Pole

BTW, how is the "whole nation richer" when the balance sheet just keeps hemmoraging red ink? Consumer debt is something like near 90% of GDP. "Rich" isn't a Nintendo or Playstation in every home, it's lasting stuff like paid off homes and money in the bank (that doesn't depreciate like water evaporating either).


457 posted on 05/03/2005 9:00:27 PM PDT by Axenolith (This space for rent...)
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To: Axenolith
BTW, how is the "whole nation richer" when the balance sheet just keeps hemmoraging red ink?

You're looking at the wrong balance sheet. Page 112, Household networth is at an all-time high. $48.5 trillion.

Federal Reserve

471 posted on 05/04/2005 7:10:26 AM PDT by Toddsterpatriot (If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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