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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (76809)12/29/2006 1:20:53 AM
From: John Vosilla  Read Replies (1) of 110194
 
'Americans approach life as a cash flow proposition -- how much does a house cost? It is a matter of the monthly payments. How much does a car cost? It is a matter of monthly payments'

That makes strength and ability of our financial institutions to lend,low interest rates and low unemployment rates the critical components in allowing Joe6pack to continue consuming beyond his means indefinitely..Doubtful all the key components remain favorable for much longer..
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