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: SouthFloridaGuy who wrote (73051)	10/27/2006 11:02:30 PM
From: John Vosilla	Read Replies (1) of 110194

My main point was certain parts of the economy do well and others stink up the joint but long term cash is trash. Now it is housing's turn to stink up the joint and most whose living was tied to that lately might feel like they are in depression just like many in technology five years ago. Yes bond prices are the big risk and a quick move of several hundred basis points higher in rates and all bets are off for the economy. Most of what you and J Locke say I agree with. Basically you've got a huge class of people who have built up a tremendous amount of equity from property and will fuel spending for a long time to come over and above what the norm was 5-10 years ago. Then you have the leveraged up to their eyeballs who never had any equity anyway when the housing run began several years ago so they'll remain in debt slavery with their credit/crack fix continuing for years to come just trying to continue getting by but cat the same time spend near what has been their norm on basic necessities and the occasional splurge, which the past few years was out of control.

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