The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (24954)	11/1/2004 10:21:38 AM
From: X Y Zebra	Read Replies (2) of 306849

well... if what I interpret is correct, then this is the beginning of a mountain of debt creation world-wide, meaning: In the 50's the first purchases through credit cards initiated a boom in credit extension, so today, with a world-wide audience and the tools to extent credit at such level... ...the financial engineers (namely, central bankers and allies), will make sure that such credit will be a form of engine of growth of some sort... (fat chance for interest rates to go sky high, if this is correct) I do not know if there is a precedent of this magnitude to make an educated guess of where this is leading to... [not that economist could ever get it right anyway -gg] fasten seat belt, enjoy the ride, and be ready to bail at the first sign of trouble... (not that it wil be easy to get out)

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