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

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To: valueguy8888 who wrote (70702)10/1/2006 11:48:47 AM
From: John Vosilla  Read Replies (1) of 110194
 
'..public attention-seeking press release accusing the government of lending citizens' money long at rates that are at or below cost?'

Socialized ownership society by the Republicans is what this appears to be with foreigners as the ultimate bagholder of the debt to be crammed down by loan losses and much higher interest rates. Whoever devised this scheme is a genious. Certainly Bush wasn't involved. The Democrats still haven't figured this one out yet or how to properly tackle this going into the elections.. Neither have they figured ou tax cuts for the super rich on the federal level translate into much higher taxes for Joe6pack on the local level.. The deflation crowd expecting 2% 10 year treasuries still hasn't figured out this only leads to more reckless credit expansion, expanded multiples in asset values and even more bubbles.. I still haven't figured out when the blow up occurs and what the trigger will be that forces the hand of the bagholders holding all this debt..This feedback loop of 4.6% long term debt with costs of living running much higher, our record twin deficits can't go on forever and real estate at 2% cap rates must adjust somehow some way..
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