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

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To: zebra4o1 who wrote (21757)11/14/2004 7:33:04 PM
From: SOROS  Read Replies (1) of 110194
 
I've been telling others for a few weeks now, "I can't wait to see how they are going to keep this debt-based economy going for much longer." Wow! After 0-interest cars, artificially low interest rates, no payment for 6 months, endless 50-75% off sales -- they've done it again. 2-3 years with no payments, etc. Unbelievable! My guess is this is a sign that the "jig" is about up. The consumer is so tapped out making current payments, that they have to now can only buy more when NO payments are expected! With only the hope that they will be in better shape when the new payments come due, this house of cards is beginning to shake. Yet, the majority keep listening to Greenspasm and TV financial shows for their comfort and allegiance.

I remain,

SOROS
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