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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (76501)12/23/2006 3:27:19 PM
From: kris b   of 110194
 
"And what do the "financial assets" that the Bully class holds consist of? Beside corporate stock, there are a bunch of claims on the debts owed by the bottom 80%. Platform that"

So what happens to the Bully "assets" when the bottom 80% starts defaulting? Asset deflation?

"the bottom 2/3 of American society have next to nothing in net worth."

What happens when this group's cash flow goes negative, their credit gets cut off? They "can't eat" whatever meager assets they have. They will have to liquidated them or drastically cut spending.
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