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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Chip McVickar who wrote (210)	6/18/1998 10:51:00 AM
From: Bucky Katt	Read Replies (2) of 3536

CC--You summed up my thoughts also. Debt in and of itself is one thing, but the liquidity needed to maintain the Ponzi scheme is the root. Think what may happen here, in the US, if residential real estate drops a mere 15% across the board? Those 125% mortgages will really cause problems, mainly for the mortgagee. Mortgage derives from Latin, and literally means dead debt! "Tempus omnia revelat"

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