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

To: yard_man who wrote (8562)	10/29/2002 4:30:55 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

who will continue to extend credit, keeping economy afloat? car mfrs, until their debt kills them mortgage financiers, until the foreclosures mount furniture stores, until bankruptcy PC makers? doubtful banks, until loan loss reserves tie up huge cash holdings foreigners, until they close out US investment accounts my guess is we continue the DEBT PARADE SHENANIGANS, with missed payments on Power Mortgages, with no payments for 90 days then 120 days, until companies go bankrupt left, right, up, down, front, back, inside, outside Eric Fry noted on Daily Reck that his furniture rental firm insisted he continue to hold onto the rented office desks and chairs and couches, even after being told by Fry that no rental contract was desired further... the furniture supplier had no place to store all the returned merchandise!!! we are rapidly approaching an economy where suppliers allow sales with no exchange of money this practice continues until the suppliers declare insolvency !!! the WILD CARD is foreigners pulling out, smacking the USdollar I think the suppliers will fail just about when foreigners bail is this your father's Cashless Economy ?????? I expect very soon a resumption in the USDollar decline this decline will short-circuit all stocks and bonds higher interest rates will be seen, enough to flatten the growth engines in Real Estate and its Financial Arms / jim