The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: Fiscally Conservative who wrote (71474)	10/9/2006 12:19:22 PM
From: mishedlo	Read Replies (1) of 110194

In the 70's we had wage price spirals Now we have asset bubbles First in stocks then in houses The ramifications of bustiong those bubble will be severe as they have supported consumption In contrast once Volker stopped the wage price spirals, falling interest rates supported consumption This time when rates fall it wont do much of anything and houses are going to get crushed. We have headwinds now affecting both asset prices negative savings unsustainable home price lunacy global wage arbitrage slowing world economy credit bubble that will bust Mish

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