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

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To: russwinter who wrote (50200)1/19/2006 1:09:11 PM
From: John Vosilla  Read Replies (1) of 110194
 
"Since that's the case, the real story needs to shift to the speculator (and the holder (Asian FCBs?) )of his mortgage, who is cash flow negative, and dealing (delinquencies?)with the increasing expense of carrying these speculations."

I think that is the grand plan from Mr Humpty himself. More immigrants, more debts, more growth and hope it all works out in the end.

Just curious if any of you guys looked back in history to previous downturns in the past 30+ years to see how many out there were pessimistic ahead of the downturn? This one at least credit, and coastal RE wise, is the biggest and baddest ever and also the first one in real time on the internet. How this one plays out will be a real doozy. No doubt some correlation to the swift plunge in NASDAQ which was the test pilot for the internet age will play out in the condo and second home markets..
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