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

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To: russwinter who wrote (76607)	12/26/2006 9:04:40 AM
From: westpacific	Read Replies (2) of 110194

Another just great report Russ. 54T in wealth, 50T in debt. Not a pretty picture - no matter whom owns the wealth. ""The next focus is on the Bottom 80% who hold $8.27 trillion, or less than 15.3% of total US net worth. These are the people whose jobs are being outsourced to GaveKal’s “platform companies”. Yet this group accounts for 61.3% of US consumption."" - this is what supports this whole bubble! ""In fact in 2004, 29.6% of US households (true Brazil Americans) had less than $10,000"" -would guess this could be even higher, upwards of 35% plus! But even so 30% with less than 10K''.....that is warfare waiting to erupt at your doorstep! If I read you right 80% of Americans will be on the brink with any kind of economic pullback. How can a CON gress with 50T of debt, per my last post, afford to correct this situation? One way - HYPERINFLATE EVERYTHING! Thanks for all your hardwork, I for one thank you going forward into 2007 and hope you continue to find the time for such incredible free work! Your statistics are numbing, plan on reading it at least 5 times and with your permission reposting it. Let me know. West

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