The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: GST who wrote (50108)	1/18/2006 11:36:47 AM
From: Mike Johnston	Read Replies (1) of 110194

You are exactly right. Unfortunately, there are millions of people including the public, journalists and economists who think that free lunch is not only possible, but they have been consuming it for years and they deserve it. After all, the real estate bubble has been widely perceived among the media and the public ( even greenspan himself) as a free lunch: "the economy is strong because of rising house prices" or "rising house prices create wealth". As everyone knows rising house prices are a sign of economic weakness, collapsing standard of living and failing monetary system, not economic strength.

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