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[Gene GeRue <genegerue AT ruralize.com>]

 . . . because I replied to one of Tvozglub's sends from the NYT and
it went to him but bounced back to me. What's the world coming
to?


The same holds for consumers. All kinds of wild cards that 
are scary even in placid times - another spike in gas 
prices, a rupture of the housing bubble, fresh job losses, 
a period of sustained inflation - become nightmares during 
times of greater leverage. So as we go to bed with our 
suppers and our home-equity lines of credit, Professor 
Goolsbee says: "I think we should be a little
nervous."

Where's a Bill Clinton when we need him? The surplus he provided has been
spent and we now have big debt that is getting bigger and are offered
hopeful promises that lower taxes will solve the problem. I will not
depend on that. As USA debt grows and we must increase borrowing from
other countries they will demand higher interest. That will drive
consumer interest rates higher. If you don't have a good interest rate on
your mortgage, consider doing it now. These are the good old days.