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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (46545)12/4/2005 9:49:14 AM
From: russwinter  Read Replies (1) of 110194
 
You've nailed it, it's a perfect storm. Also on the list:

1. The other very big event are the new lending guidelines on toxic loans due out any time, that will be the silver bullet into the heart of the credit and housing Bubble vampire.

2. It also looks like December's heating bills will be a lulu, and spread across almost all regions. This is a brutal early month start.
Message 21941992

3. Then there are other annoyances like increased minimum payments on credit cards.

4. We have also seen initial signs of layoffs in the mortgage sector itself, how could that not spread quickly. That industry is where many of the speculators and Humpties come from, which feeds into even more pressure to unload empty rentals. etc.

5. Another wave of condo projects and coversions is being completed in places like San Diego, Vegas, Florida, and other Bubble locales just swelling inventory even more, right as the toxic marginal buyer is knocked out of the picture and it's time to close on all those pre-constuction flips. There is a big failure coming there at any time.

Even if the Fed is done at 4.25% (which I think they are), that's not going to stop or curtail this, it's bursting out. If they decide to start monetizing, it will just enhance an energy spike.
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