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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (115907)8/7/2001 5:52:41 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
did you see, today the first pullback in consumer credit in ages was reported...this means it will soon become impossible to outgrow the rising tide of defaults with new credit...the involuntary shrinking of the money supply beckons.

imo things could easily get a lot worse than these economists are predicting...the market WILL address the credit bubble, and no-one can say for sure how grave the consequences of this reckoning will be. but Japan is a good example for a post bubble economy, so something similar is likely in the cards.
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