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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (66623)7/21/2006 1:45:13 PM
From: John Vosilla  Read Replies (1) of 110194
 
'The upper class is getting richer while the middle class is sinking, that is why more discretionary spending power will go to the top 10% and they will be the drivers of consumer spending going forward.'

What happens to that wealth in a stock market or bond market downturn which is where most of their wealth is hidden? Stagflation and much higher rates do a lot of damage to asset values.
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