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: ild who wrote (21752)	11/14/2004 12:08:30 AM
From: zebra4o1	Read Replies (4) of 110194

Speaking of crazy consumer action, I am feeling a bit like Rip Van Winkle with regard to consumer electronics. Guess I have not really been following the HDTV scene. Today, I was perusing a Good Guys catalog and was blow away that you could spend $5500 on a Sony 60-inch HDTV and have no payments or interest until 2006. Then I turned the page and saw that you could spend $6000 on a Mitsubishi 62-inch HDTV and have no payments or interest until 2007! Are these guys trying to suck forward all consumer spending for the entire decade and pack it into Christmas 2004? And how do they make any money if they don't see your payments until 2007? Maybe they package your loan into HDTV asset backed securities and sell them to junk bond funds? At least when you do a credit card balance transfer they still make you pay off principal every month. But this is no payments at all for two years - very predatory and manipulative in my opinion. Lots of people are not disciplined enough to resist that kind of temptation.

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