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

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To: mishedlo who wrote (75130)12/9/2006 5:30:31 PM
From: GST  Read Replies (1) of 110194
 
<Oddly enough neither you or GST seems to understand that it the expansion of consumer credit which created the asset bubble in housing and the debt bubble in consumer spending that makes deflation all the more likely.>

There is indeed something odd here Mish. Understanding the role of credit during an expansion is relatively easy -- hell, even you can probably do it. Understanding what happens to a country like the US with tens of trillions owed to foreign creditors during a downturn requires some education and an analytic frame of mind -- sorry that you can't seem to contribute to this conversation. Most people here were willing to give you a chance -- you just never rose to the challenge.
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