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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (81282)4/29/2007 2:24:17 PM
From: John Vosilla  Read Replies (1) of 110194
 
'What they may not have considered is just how unstable the irrigation channels are for this boom. Take your pick on which breaks first, Joe Ultra Light Sixpack and his/her overdependence on housing to get by, China’s maladjusted currency pegging and Dollar recycling, or even a normal correction in the markets. Or how about all three nearly at once?'

Currency crisis versus either a breakdown in the dollar or a huge move back above 90 looms huge as either would be bad for the stock market near term. Plus the longer this inversion continues the worse it is for financial institutions worldwide leading to a credit crunch eventually when combined with the huge losses via foreclosures in the next 18-24 months..

I doubt the housing bust and Joe6pack in and of itself is as big a factor as many think it is.. Certainly anyone should respect what the stock market is telling them..
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