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

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To: Mike Johnston who wrote (66956)	7/27/2006 3:26:11 PM
From: Jim McMannis	Read Replies (1) of 110194

RE:"It looks like a lot of people are getting a lesson in econ 101. After house prices have tripled, and torrents of real estate money flooded the economy, did they expect that gasoline would still be $1.19 ? That their taxes and electric bill would be the same ? That they would still be able to get their pizza from a local shop for $8?" They thought everybody could get rich at the same time. <G>

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