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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (6244)9/12/2002 11:09:39 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
entire US economy is risking liquidation now
debtless hard assets are safe and being pursued now

real estate is a hard asset impostor
it is an asset secured 80-100% by a mortgage debt
posing as a hard asset


when the financing tide turns against it, the movement will be an absolute torrent
the most vulnerable areas will be where financing has been abused the most
and where the gains since 1993 are the greatest

/ jim