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To: chic_hearne who wrote (14649)8/29/2000 7:41:11 PM
From: pater tenebrarum  Respond to of 436258
 
i don't know what will be the trigger to end it. all i know is that debt continues to grow much faster than the economy, and eventually the bubble will be buried in a debt implosion. it has little to do with baby boomer demographics...that's irrelevant in this regard.

nobody "let's" a market crash...it is erroneous to assume that this can be done or averted by any outside agency. manipulation works for a while, and reliquefication of an unstable credit and asset bubble may work repeatedly. but with every fresh infusion of credit excess, it becomes more difficult to achieve the desired result, as the imbalances that need to be juggled become ever larger. just look at credit spreads - in spite of another bout of record expansion in securitization and bank lending, spreads are left wider and wider with every attempt to infuse the bubble with new life. eventually the stresses will become to big, and then it's wipeout time...

btw, i think the generation that is now gambling in the market is simply fated to learn a severe lesson...bet on it, no-one gets out alive.