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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (62372)6/1/2006 12:30:44 PM
From: GST  Read Replies (1) of 110194
 
<Americans' government obligations are five times what people owe for mortgages, car loans, credit cards and other personal debt.>

This is the whole story in a nutshell. As important as it might seem in the short term, the housing bubble is not the biggest part of our financial disaster. It is very, very hard to see ow the dollar will survive this sort of financial disaster.
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