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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (2387)11/19/2003 10:25:37 AM
From: ild  Read Replies (1) of 110194
 
Russ, your ideas are very sound. But there is no leaders in US who want to carry them out. Basically you are asking US citizens to voluntarily significantly lower their living standards. Do you see anyone to get elected with this agenda? Yes, for many years people in US were making $100 and spending $110. But they see no reason to stop doing so. The government doesn't want them to stop either. Only the real crisis will stop this. The credit bubble must burst first.

Very often I feel like standing on the Titanic's desk and watching approaching iceberg.
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