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Reply #4: It all depends on whether or not you can still leverage debt [View All]

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Warpy

(1000+ posts) Send PM | Profile | Ignore

Thu Oct-18-07 10:04 AM
Response to Original message

4. It all depends on whether or not you can still leverage debt

If you can, you can maintain the illusion of being middle class. If you can't, then you know how vulnerable you are to illness, offshoring and a continued drop in the value of your house.

If you are looking at your net worth, then you've hit the panic button.

That 46% will mean that this is going to be a very sparse Xmas for a lot of retailers.

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