[Sam the Sham]

Ever thought that eventually people wont be able to afford even a cheep $499. computer. If you think I'm wrong look at all the new financing sceams for new cars even the foreign bombs. The easy financing of illegal aliens for new homes. Free trade brings more debt because it lowers the average median income. Free trade levels the field to the lowest common denominator across the board sorta like todays national education system.

I wish all these free trade is so wonderful types could tell me how an economy of 40 year and interest only mortgages and 7 year car loans isn't dangerously over-leveraged. When debt levels are rising to such levels it obviously indicates a society in which more and more households are dangerously hand to mouth in their finances.

Funny thing about car loans. When you compare for inflation the price of a car today with 1970 it is about the same. But then a car loan was 3 years. Now it can be 7. What does that tell you ?

[1rudeboy]

Free trade brings more debt because it lowers the average median income.

Here's that canard again.

[1rudeboy]

I wish all these free trade is so wonderful types could tell me how an economy of 40 year and interest only mortgages and 7 year car loans isn't dangerously over-leveraged.

Gladly. They have nothing to do with trade.

[Toddsterpatriot]

But then a car loan was 3 years. Now it can be 7. What does that tell you ?

It tells me consumers now have more choices.