Hi CB, BTW, the thread just got two more fine coolness. It is possible that (a) bear is cool, or (b) SI posting volume has sharply dropped :0)
1. <<Personal bankruptcies ... before the law changed>> what are the highlights of the change, at Federal or State level, can one lose one's main residence?
2. <<mortgages and the credit cards>> may be high relative to net worth and income regardless of service cost. Japanese government debt is easily serviceable, at 1% interest, and if it is to remain serviceable, the economy must not recover, or if the economy does, no one must try to move to new house and qualify for new loan.
3. <<4.5% unemployment>> Give the trend some time to incubate, hatch, and grow into something more discernable.
4. <<it's time to think like a contrarian. The time to buy is when everyone else is screaming about how awful everything is>> Very few folks are screaming how awful it is. You just happen to be hanging with a bunch of chicken littles here. In any case, you first:0)
Chugs, Jay |
