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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (36536)7/21/2005 10:53:44 PM
From: John Vosilla  Read Replies (1) of 110194
 
"so if GM goes bankrupt you expect widespread deflation. sounds like you're grasping at straws"

So what else is new<g>. Ask him how come we never had deflation after our whole financial system was on the verge of collapse and commercial RE prices plunged an average of 70% in the early 1990's? Bottom line is we can absorb future writedowns totaling $3 trillion to perhaps $5 trillion when you total them up over say a five year period and survive just fine.
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