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: John Vosilla who wrote (50125)	1/18/2006 2:44:05 PM
From: pogohere	Read Replies (3) of 110194

I guess it's just too complicated for me. I keep wondering where US consumers will get the money/credit to make the purchases they need to make to maintain their standard of living. No one yet has documented increases in income sufficient to do so, as in :"US consumer income will increase in the following manner: ________________" (fill in the blank). Unless income/credit increases commensurate with prices, consumption will fall. Since real estate and consumption constitutes ~70% of economic activity in the US, it's hard to imagine how the US economy even manages to stand still, much less fall into a decline if the credit that facilitates the real estate market simply fails to maintain the pace, never mind increase. If GM, Ford, et al, lay off more workers, if pension funds fail and are handed over to the US taxpayer to be covered at lower levels, if both service jobs and manufacturing are sent overseas, where does the income come from to pay the bills regardless of who sets the prices? see: xanga.com (today)

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