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

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To: mishedlo who wrote (38122)8/8/2005 2:36:35 PM
From: John Vosilla  Read Replies (2) of 110194
 
You really need to see how many people are out there spending and traveling. One trick pony local markets tied to both housing appreciation and new construction will take a big hit. Lots of folks will be hurt like 1973-74, 1980-81 and 1991-92. Part of the plan for debt slavery for many which I think we both agree on. Overall growth will continue, jobs will be created, new engines of growth will develop,dollar gets devalued and interest rates rise. The population growth and tons of land for development will keep us from ever turning into Japan, something which you seem to always fail to address. Also you fail to address how the world did not come to an end and deflation take hold in the 1990's even with:
1)70% drop in commercial RE nationwide
2)huge hit in most of the same residential bubble markets including the oil patch of perhaps 40M+ people immune this time
3)second largest economy Japan sliding into their depression
4)Our banking system collapsed with most S&L's insolvent
5)very tight monetary policy from Greenspan

I guess you, Fleck and Tice will eventually be right<g>
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