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

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To: russwinter who wrote (7440)2/9/2004 12:03:38 PM
From: mishedlo  Read Replies (1) of 110194
 
Demand is robust, and IMO will continue to be as long as Americans can borrow an extra $50 billion plus a month:

Demand is "robust" only because prices are low.
You keep forgetting that.
Not only that, we have to borrow for them.
If and when prices are jacked up, watch demand fall thru the floor.

That is the huge flaw in your scenario, IMO.

Mish
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