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

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To: GST who wrote (61646)5/22/2006 10:36:54 PM
From: TobagoJack  Read Replies (1) of 110194
 
GST, Maybe, on US vs Japan real estate bubble:

In Japan

- Sake2Cups were basically locked out of the real estate market, and so mostly only the institutions bothered.

- Japanese folks had/has savings.

In the US
- everybody bothered, as many participated in the wager, either buying, or cash-out refinancing.

- Savings short, and so perhaps what happens later will be worse, much worse.

Only question is whether worse by value, or currency, or both, plus bankruptcies.

Chugs, J
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