SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (27990)3/7/2005 12:11:32 PM
From: John Vosilla  Read Replies (1) of 110194
 
The ONLY thing keeping spending up right now is rising asset prices and a booming construction industry (housing).

No doubt that is huge when you look at depressed places like Toledo and Albany that have no new construction or home appreciation. A telling sign of what happens without appreciation even in a booming market is Ft Worth where one county has as many foreclosures as the whole state of Florida.

I think much of what you mentioned is offset by strong cash positions on the corporate side, productivity gains and easier monetary policy. It would be nice to compare the debt crammed down during the S&L bust and telecom meltdown relative to GDP and then do a projection of debt cleansing relative to GDP by a 40% decrease in home prices in the coastal bubble markets.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News