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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Broken_Clock who wrote (61666)5/22/2006 9:59:16 PM
From: GST  Read Replies (1) of 110194
 
In 1990 Japan, three million was nothing -- and the interest on that three million -- also nothing. That is how the Japanese could cary these properties without cash flow to service the debt. Make all the comparisons you want -- but at least make ones that have a small chance of being realistic. By the way, at the peak of the Japanese bubble Hawaii experienced the overflow -- the most expensive beachfront house? Try $60 million, sold at auction some years later for $13 million.
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