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

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To: kris b who wrote (75822)12/16/2006 3:48:44 PM
From: benwood  Read Replies (1) of 110194
 
yes, look at Nordstrom flying while Wal-Mart crashes. Last few times I've passed through Nordy's or looked at their ads, I've been amazed at the prices (ditto Eddie Bauer). I expect to see a divergence on the highways as the credit bubble pops, when the middle class will allow their autos to get much older before replacement but at the same time there will be a continuing boom in sales of for Lexus, Volvo, Mercedes, etc.

There's a growing interest in Washington State (mainly Seattle area) for imposing variable electronic tolls for driving certain roads. It doesn't take a rocket scientist to understand that this will only benefit the wealthy as their would be no financial incentive for them to vary their driving habits (with tolls greatest during peak times), whereas all the poor will be so inclined, if possible, and a share of the middle classes, too.

It actually could be cheaper, bottom line, if your car is expensive enough, because of lower insurance rates due to lower collision rates.
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