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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (4839)1/12/2004 7:12:33 PM
From: Ramsey Su  Read Replies (1) of 110194
 
Catching up on my readings -

I find myself agreeing with Roach almost all the time. This jobless recovery, however, got me scratching my head. While I agree with Roach again, I wonder how comes "things" are not breaking? Things like retail, auto, real estate, consumer debt delinquencies etc. Yes, auto is relying on give away financing and rebates. Real estate is relying on historically low interest rates. But something got to give somewhere. Where is the crack? Could Roach be wrong?
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