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

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To: mishedlo who wrote (62250)5/30/2006 7:34:08 PM
From: Claude Cormier  Read Replies (4) of 110194
 
- Foreigners - probably not - They will buy overpriced US assets

So assets of all sort will get even more overpriced. Foreigners get of dollars into hard assets.

- US - To a degree yes - They will be forced to by the bankruptcy reform act and the inability to sell their house when they are underwater on it

The question is how many households are really in trouble because they got caught in the housing bubble with no exit door or backup.... abd how many have maintained healthy balance sheet. I think their are many gentleman like the one who posted today here asking for advice on how to move his wife $100K nest egg into foreign currencies.

That is the flight from the USD into stuff and other currencies (including gold).
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