Consumer Debt Is At Record

3 June 2002

CONSUMER DEBT IS AT RECORD HIGH
Rising rates could pop this bubble!


THE DOLLAR APPEARS to be beginning a long-expected slide. Its decline against the euro, the yen and other major currencies, which reflects wariness among foreign investors about investing in the U.S., could keep U.S. stock prices in the doldrums and put upward pressure on interest rates. [Wall Street Journal]

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