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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (37376)7/31/2005 12:38:04 PM
From: loantech  Read Replies (1) of 110194
 
If the majority of the people in a building inform me that the building is on fire, I will tend to believe them.>

Good point! But when a majority of borrowers I see at my home loan desk want 100% financing I say they are wrong. BWTHDIK? Not much compared to most posters here.

Tommaso I admit I understand little but in regards to this:
<To predict deflation is to predict such a contraction in the money supply. That kind of contraction does not happen with a fiat monetary system.>
I say that wages are not keeping up with increased debt loads. I cannot see how people will get out from underneath their blanket of excess debt unless they are saved by inflating wages along with asset prices. So if eventually we have foreclosures or bankruptcies or the market turns south when it flounders from excess debt per home purchase vs a non increase in income what happens??
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