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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (55)	6/16/2003 8:34:46 PM
From: russwinter	Respond to of 110194

<What is it that you don't understand? > Nothing, you have perfectly described the epic American bubble economy. You have also used the word cut, reduce, and fewer I think about nine times if I counted correctly. Of course for every eating seed corn cost reduction you mention, I could offer about twice as many costs that are increasing rapidly (start with energy, insurance, state taxes, property taxes, medical). Further unless you feel interest rate cycles have been abolished, you ought to be damn concerned about costs (and the ability to pay back) on all the debt you appear to be so nonchalant about. I would submit to you that "cuts", "reduce", "move jobs overseas", "borrow even more money" are very inconsistent with economic recoveries, let alone stability. We are going to need to have productive work in this country besides mortgage brokerages, and Wall Street. Really at the end of the day I have one question for you, does anybody (besides foreigners and energy companies, short term banking fees: borrowing isn't income) show any meaningful income gains in the bubble economy you've so forthrightly described?

To: Bridge Player who wrote (55)	6/16/2003 9:38:59 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

Bridge Player was that your resume for the Fed chairman's job as soon as greenspan gets fired? or is it possible that you are greenspan's current speech writer?

To: Bridge Player who wrote (55)	6/17/2003 7:05:54 PM
From: carranza2	Respond to of 110194

And an upcoming Presidential election pumping more hot financial air into the credit bubble leading to four more years of higher deficits leading to even weaker dollar leading to disinvestment by foreigners while spending more and more on defense which is unproductive eventually resulting in corporate bankruptcies as companies fail to survive due to non-existent earnings leading to higher unemployment and huge foreclosures as the enormous amount of debt homeowners have assumed can't be repaid resulting in collapse of residential real estate market leading to collapse of stock market (again) all while defense expenditures have to be increased as foreign adventures have to be funded because of instability in ME leading to higher oil prices and ultimately inflation, then BOOOOM!, an atomic explodes unexpectedly somewhere, stock market really crashes, and it all goes to hell. By the way, I really liked the post I'm responding to. Message 19040174