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

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To: CalculatedRisk who wrote (78157)1/26/2007 9:32:55 AM
From: John Vosilla   of 110194
 
Latest count on lenders that have croaked.

ml-implode.com

CR are you familiar with Ravi Batra? That post wasn't directed at you specifically. His parallel of the late 1980's to the 1920's brought out most of the same points used today by Roubini and company (loss of manufacturing jobs, speculation on Wall Street and overvalued assets, twin deficits, shrinking middle class ect,.) We did nave the run on the banks, S&L crisis, commercial RE crash and Japan collapse. Deflationary pressures took rates down and the stock market actually bottomed in mid 1990 and ushered in a new era of prosperity though real estate was flat much of the decade. He also expected a dollar implosion (and) or back up in long term rates as the driver that precedes the depression. Today the real main differences are much higher inflationary pressures and a bubble in long term bond rates IMHO..
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