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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: IngotWeTrust who wrote (3375)9/20/2002 7:26:30 AM
From: long-gone   of 4051
 
<<and the ASSET CLASS bubble WILL burst.

Darlene, you of all people usually see beyond the "price sticker" when you are analyzing situations. I'm surprised you don't "get it" when we are talking about the REAL ESTATE BUBBLE! IT ISN'T STRICTLY ABOUT PRICE OF NEW or USED homes...it's about the HOME OWNER'S DEBT and inability to service the mortgage debt.>>

I think you're right, seems a far differing debt to equity ratio in some parts of the nation Vs, others. I know & meet people often who may have refied. their homes BUT it is only to get the current lower interest rate, NOT to pay off broad consumer debt or(in prior times) play the market. There are others, though, often younger & in these hottest real estate markets who are at the exact opposite end.

Me thinks there be some which claim to never trade on fear but gladly speculate upon human suffering during market expansion & resulting contraction Via repeated sale & foreclosure.

When the those few bubbles do pop and our nation suffers under the unwinding of the excessive leverage, in those reww but massive markets, we will all be impacted - if only because the "news" reporting will be so loud & so often.. Most of us can only view a limited amount of human suffering before we become depressed ourselves and alter our lifestyle.
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