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

To: Jim Willie CB who wrote (4948)	1/13/2004 3:48:10 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

so the American housing bubble is tied instead to big fat Fanny Mae and her equally fat Freddy Mac obese cop-til-we-drop husband WE REPEATED THE JAPANESE ERROR, BUT CONCENTRATED THE EXPOSURE IN SUCH A WAY AS TO GAURANTEE ITS FAILURE, Gotcha Don't you see how deflationary that is? A housing crash would be the single biggest deflationary thing that could possibly happen. Not only would it remove the wealth effect, but it would kill hundreds of thousands of construction and trade jobs to boot. People would be upside down on loans and walk away. We will see the inflation you call for AFTER this bubble busts. But you are right about gold cause no matter whether inflation wins, deflation wins, or stagflation wins, the US$ over the long haul is going to hell in a handbasket. Mish