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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jimmg who wrote (76450)12/22/2006 3:05:18 PM
From: kris b  Read Replies (1) of 110194
 
"Credit is growing because a bunch of dimwits are borrowing and spending like crazy"

You got it backwards, credit is growing BECAUSE a bunch of moronic lenders is giving it to a bunch dimwits. Just wait for morons to shut the spigots, when they finally realize that the money given to dimwits is un-collectable. At the end you will pay (through taxes and higher interest rates) for "the fat people waddle out of the store with 3 carts stacked full of massive quantities of everything imaginable"

They are having fun while you get the final bill.
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