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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Crimson Ghost who wrote (26017)3/20/2005 11:31:43 AM
From: mishedlo  Read Replies (1) of 116555
 
At some point the willingess of consumers to borrow WILL end regardless of how cheap the FED makes money.

It happened in Japan and it WILL happen here.

There is nothing the FED or anyone else can do about it and it centers around the loss of jobs and wages in the face of declining property values.

Mish
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