The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who started this subject	10/13/2003 8:01:06 PM
From: russwinter	Read Replies (3) of 110194

10 signs that you’re in a historic credit bubble: 10. Your neighbor buys a $40,000 SUV with his home equity line and tells you proudly that, "It's paid for." 9. Your mother-in-law enrolls in community college in order to enhance her lifestyle with student loans. 8. You buy a complete set of living room furniture and you don't have to make a payment for three years. 7. The economy is growing at 7% and the Fed Funds rate is at 1%. 6. Housing inflation in California is growing above 20% and the Fed Funds rate is at 1%. 5. GM makes more money off mortgages than from its core business. 4. You receive enough credit card solicitations to financially engineer a leveraged retirement twenty years early. 3. Your credit union is now offering an 8-year car loan and a 40-year mortgage and is proudly growing its asset base at 30%. 2. An interest only variable mortgage enables a McDonald's employee of the month to buy a $405,000 house (average price in California). 1. Your Fed Chairman's name is Alan Greenspan.

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