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: loantech who wrote (26889)	2/21/2005 10:11:31 PM
From: yard_man	Read Replies (1) of 110194

Story on BBC business report today -- I'll paraphrase. The new frontier is the third world. Nicarauga was cited as the example by someone from citibank. New micro-loans which debtors can draw against using a debit card are proving to be quite profitable. One of the nice things this guy mentioned was that default rates were on the order of 1% versus about 6% on credit card debt in the states. He didn't say how long the program had been in place, yet. <g> I am not sure what the prime rate is in Niaragua, but I would guess it would have to be higher. Just makes sense that they would have to expand personal indebtedness outside our borders to a great extent to keep growing at some pt ... Beginning of the end for the credit bubble?? Seems like it could be a sign ...

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