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: Silver Super Bull who wrote (71896)	10/13/2006 1:19:22 PM
From: Mike Johnston	Read Replies (2) of 110194

The reason I say "just based on gasoline savings" is that I see no other fundamental factor that would justify an increased level of euphoria by consumers. I don't see any consumer euphoria, yes the retail numbers are strong but those are nominal numbers. Everything is 5-15% more expensive this year than last year, so the nominal numbers are strong. Other than that, some desperate "house ATM" consumers sensing imminent bankruptcy and foreclosure, might max out their credit lines in order to "go down in style" and enjoy their last moments of "wealth". The foundation of the economy is rotten.

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