The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (71412)	10/8/2006 2:13:11 PM
From: kris b	of 110194

"Lenders won't voluntarily withdraw credit availability until it becomes unprofitable to extend credit" I don't know what will give first in the current (Total mania. I don't think we saw anything like it in modern times) credit cycle, but in the last one that ended in 1982 it was the banks who saw writing on the wall and stopped lending to the Ponzi scheme. At the beginning of the contraction I was still able to service my debt even at 26% but the bank balked at giving me more money. Maybe this cycle is different/more insane and they will push the drugs right to the point where everybody goes over the cliff together.

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