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

To: orkrious who wrote (1676)	10/27/2003 7:22:22 PM
From: Andrew	Read Replies (2) \| Respond to of 110194

<<regardless, I think most people here would agree that the consumer, unable to continue to extract "equity" from their homes, is going to bring this house of cards down eventually.>> And in the worst imaginable way. Bankrupcies, car repo's and forclosures. What are the lenders going to do with homes that are worth 20% to 50% less in the next 2-5 years when there is negative equity in the homes. Eventually Interest rates will rise. Imagaine what a 2% rise would do. Oh well Greeny and boys will hold it down a while longer. very bullish for gold. I can see a strange mix of inflation and deflation arising. I wonder if perhaps ever people start emmigrating to India or China to get jobs.