Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

larry and zeev on consumer debt...
i tend to agree with mlsoft on that ..i have a business with consumers in all economic spectrums, with most in mid to upper mid class. As ive developed busniess relationships with many of my clients over the years i feel free to discuss the economy with many of them...and where they are "at" with respect to debt.
I can say with some certainly that if my client base represents America, the consumer is tapped out....virtually all those i speak with say they have more debt now than 1,2,3 years ago and hint that paying down their debt is important...and they say that the debt load will diminish their spending...they also mention more and more, stock losses as a factor.