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

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To: westpacific who wrote (44842)11/6/2005 10:01:05 AM
From: Ramsey Su  Read Replies (1) of 110194
 
I don't think it will be the youths in the US that will be a problem, it is going to be the mainstream Americans who are going to be the problem of society.

What is going to happen to the two income households, living in MacMansions and driving SUVs, if one or both income vanished? These are not kids, these may be boomers heading to retirement age who suddenly realize they have no savings and 28.3 years left on a 30 yr mortgage they just took out? How many geezers, aka greeters, do Walmart need?
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