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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: patron_anejo_por_favor who wrote (18236)	12/9/2004 8:13:52 PM
From: russwinter	Read Replies (10) of 116555

The Bully formula: fototime.com First by accident of birth (ages 40-60) you buy a house in San Diego or similar Bubble locale about fifteen years ago. Then you regularly "extract equity" out of said ATM house to buy the luxury goods mentioned in prior Bully post. Message 20843761 Finally, you follow the advise of Easy Al and trade up to that TOL McMansion by taking out an ARM. While you're at it you borrow more money to become "an investor", and drive up housing prices even more: idorfman.com Then you look the policeman, the teacher, store manager, and fireman in the eye, that have to move out of town because they can't afford the community cost of living (what GWB calls "conditions on the ground as they are "), Message 20830835 and say with straight face, "don't dare raise interest rates", I might not be able to make my payments. Then adamantly oppose efforts to mitigate the damage and fallout of Bubble economics: Message 20837865 Oddly in today's fantasy funfest it works!

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