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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Simba who wrote (155951)3/16/2002 1:28:36 AM
From: ild  Read Replies (1) of 436258
 
I'd think that the deflation scenario Reaper is painting will involve falling housing prices. People with loads on debts have already mortgaged to the highest LTV. Basically this is what has been going on in Japan. Not a pretty picture, but it looks like a very logical consequence of a greatest asset bubble. I'm not sure if US will manage to avoid it. BWDIK
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