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A question for you more seasoned (older) experts
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<blockquote data-quote="Caustic Burno" data-source="post: 403274" data-attributes="member: 694"><p>I too see a lot of simularaties to the mid to late 70's with the exception of high intrest. I knew a whole lot of people that went bust then and never recovered. Most of the ones I knew that went under were operating on borrowed money. When the bottom fell they couldn't cover the notes. I read somewhere the average American was carrying 10,000 in credit card debt alone, some poor smuck is carrying 20,000 cause this old boy has none.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 403274, member: 694"] I too see a lot of simularaties to the mid to late 70's with the exception of high intrest. I knew a whole lot of people that went bust then and never recovered. Most of the ones I knew that went under were operating on borrowed money. When the bottom fell they couldn't cover the notes. I read somewhere the average American was carrying 10,000 in credit card debt alone, some poor smuck is carrying 20,000 cause this old boy has none. [/QUOTE]
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A question for you more seasoned (older) experts
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