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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: glenn_a who wrote (91245)2/5/2008 1:09:48 AM
From: GST  Read Replies (3) of 110194
 
Thought you might find this interesting: news.yahoo.com

Imagine what we would think if there were 800,000 people stranded and standing outside in the cold for a week with their children and families at a train station in the US, and imagine what it would be like for tens of millions of people to go without electricity for over ten days in the dead of winter. It is so hard to grasp what is going on outside the USA -- it is like looking at the world by peering down the narrow tube of a straw -- we see little tiny snippets of their reality but most of it is just beyond our imagination. What I see is hundreds of millions of people hungry for a "richer" diet, expanded infrastructure and more fuel to consume. If my house turns out to be a turkey of an investment, they will not change their aspirations for a better life for themselves -- and that means vastly increasing their consumption.
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