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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: kris b who wrote (76447)12/22/2006 2:29:54 PM
From: jimmg  Read Replies (4) of 110194
 
<<<Contract the credit by 10-20% per year then you will see how sustainable this scam is.

What "scam" is there? Go sit your car in the Costco parking lot and watch the fat people waddle out of the store with 3 carts stacked full of massive quantities of everything imaginable. You think the Fed told them to do that?

Credit is growing because a bunch of dimwits are borrowing and spending like crazy. You expect the Fed to impose restrictions on the ability to borrow and throw the economy into a recession? Be realistic. We'll naturally go into recession when the dumb asses borrowing and buying more than they can afford can't do it anymore.

Too many people think there is a conspiracy by the Fed to screw the bears. It's all very simple. Millions of people can't get enough shit and are willing to borrow to get more shit.
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