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


To: T L Comiskey who wrote (10663)12/19/2002 5:36:27 PM
From: Jim Willie CB  Respond to of 89467
 
"The bursting of a mortgage bubble could unleash broader financial disruptions with deeper macroeconomic implications than the shakeout following the S&L crisis of the 1980s," the [FMC] analysis warned.

this is what I expect, gradually and slowly upon deterioration in the labor markets
JOB SECURITY (as Russell says) will be the watchwords in 2003
in 2002, it was LOW MORTGAGE RATES

everything Greenspin touches, turns to bubbles, and eventually busts, causing losses of large proportions
against this backdrop, he is knighted and revered???

/ jim