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: russwinter who wrote (53586)	2/12/2006 2:24:35 PM
From: UncleBigs	Read Replies (2) of 110194

a ‘Ponzi’ finance unit must increase its outstanding debt in order to meet its financial obligations.” --Hyman Minsky In my view the entire U.S. economy is Ponzi finance unit. I see much more than a 10% decline in gdp to reach a sustainable equilabrium. 30% is probably much closer when you strip out excessive residential and commercial real estate development, remodeling and the velocity impact of the artificial (unsustainable) speculative income. Russ...I think you are right about the Bernanke printing press trade. It's something to watch how it develops over time. Everything went straight up after Bernanke appointment. His appearance this week before congress may be quite disappointing to the easy money advocates.

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