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Politics : Welcome to Slider's Dugout
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To: jim_p who wrote (4624)2/28/2007 9:46:45 PM
From: surelockhomes  Read Replies (1) of 50416
 
I agree with you, except for the inflation part. A lot of debt is going to go bad, and those who thought they had an asset backed security will find the asset backing it isn't worth near what it was. Those receivables are just going to disappear into thin air. It will be like Japan when they couldn't hardly give money away. Demand and prices will collapse. IMO

Also long QID

and MZZ, SDS, DXD and my favorite new kid on the block, SKF.

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