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

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To: Mike Johnston who wrote (50305)	1/19/2006 5:54:26 PM
From: Gotham Guru	Read Replies (2) of 110194

<<GWB and AG have put the economy in a death spiral. Higher bankruptcy rates are caused by millions of people who can't pay their bills due to rapidly increasing cost of living (inflation) Future bankruptcy rates will increase once those that bought overpriced homes with $0 down return the keys to the lender.>> Blaming someone else for one's decision to buy a house is bullsh!t. Using that theory, everyone who lost money on the dot.coms should blame Clinton. That's ridiculous. Doesn't the cost of living increase yoy due to inflation? And what has been the rate of inflation for each of the last 5-7 years? What death spiral? I thought the economy grew. Unemployment is under 5% no? So, if FL real estate drops 10-20% due in some part to bankruptcies/foreclosures, this means a collapse/death spiral of our economy?

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