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

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To: Mike Johnston who wrote (78681)	2/8/2007 9:30:10 AM
From: John Vosilla	Read Replies (2) of 110194

I don't know if what you say is even possible Mike. We currently have record foreclosures in places like Colorado and Texas even though the economy is still good, interest rates at generational lows and toxic ARM's still available to way too many people. Horrible news out today. Expectation is significant tightening of subprime and soon spilling into the prime mortgage market. This is a repeat of 1990-95 all over again and there is no way to stop the floodgates from happening to an even larger degree in California and other coastal bubble markets in coming years..,, The fed is almost powerless at this point given how strong the real economy is. Now a DOW crash and negative GDP growth and they immediately start cutting like crazy most likely sending long rates and gold to the moon but of little help to Joe6pack hanging on the ropes..

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