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Originally posted by onetime2
I stand by my statements about bankruptcies. Nowhere did I ever say that bankruptcies were not rising and the fact that they are doesn't impact my analysis as it was already accounted for.
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You did say that if bankruptcies could be an indicator of troubled economics....posting there rise is a legitimate response.
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Your web searched article fails to account for the substantial growth in the stock and housing markets over the last 5+ years. And, to put the percentages in context, changes in small numbers often result in large percentages. In this case, that 76% drop amounts to a dollar figure drop of ~$800. Far less impressive of a number than that 76% implies. Responding to every article that, on the surface, appears to rebut my arguments is exactly what I was trying to avoid.
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How am I supposed to respond if I cannot site evidence that I believe contradicts you?
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We could go on like this for a long, long time and we will get nowhere. You're convinced of your stance and I doubt anything I say will change your mind.
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You have exhibited the same level of flexibility in your opinions as I have.
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As far as consumer debt, I am absolutely concerned with it. Just as I am concerned with interest rates, inflation, productivity, the stock market, home prices, another terrorist attack on US soil, and countless other factors which interact in both simple and complex ways to form current (and future) economic conditions.
Is it the single biggest concern in the economy right now? Nope.
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I wold think that what constitutes the "single biggest concern in the economy" is a matter of opinion. As you have so vociferously pointed out, you don't agree with the analyses of economic journalists from both sides of the political spectrum. Perhaps your beliefs are not the only ones out there?