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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (24956)1/19/2005 12:21:24 PM
From: John Vosilla  Read Replies (1) of 110194
 
<Yes, but the difference was that interest rates went down, not up, allowing these to be refinanced and the mortgage owner to get off the hook. >

So true and asset values were also dirt cheap relative to operating cash flows. Generational top is near only are we in the bottom of the ninth or still in the seventh inning? Is Greenspan even aware of the monster he has created all in the game of avoiding the normal deep valleys of a typical economic cycle?
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