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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (83711)7/17/2007 3:58:30 PM
From: Crimson Ghost   of 110194
 
There is a key difference between the busted housing bubble and the ongoing stock bubble IMHO.

Most Americans did benefit from the housing bubble even if those benefits proved fleeting.

But most Americans are NOT benefiting from the stock bubble. And not only because the top 1% owns most of the stock directly and indirectly.

To the extent that stocks are rallying because of mounting inflationary pressures, aggressive cost cutting, and the migration of US jobs overseas -- a strong case can be made that the equity boomlet is coming at the expense of the well being of most Americans and especially Brazil Americans.

This explains why most people's confidence in their economic future is far from rosy IMHO even as Wall Street parties on without letup.
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