WSJ on wealth

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Jan 19 12:24:04 PST 2000



> How would US consumer indebtedness at present compare with that
> of the US in 1929 and of Japanese consumers at Japan's market top?

My grandmother always told me never to compare apples and oranges unless you wanted to prove redness or smoothness.

The role of debt in the US today is different (enough to make the above comparison invalid for anything other than cocktail party chatter) than either of those other two times/places.

/jordan



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