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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 (5950)	1/23/2004 12:08:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

he was wrong about the double dip recession. A viewpoint he clung to for a year during the "grand reflation" He even did a big post on it admitting a gross error. No one is right all the time. Oddly enough, JW I think we get that double dip now that everyone has given up on it. Mish

To: Jim Willie CB who wrote (5950)	1/23/2004 12:09:33 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Bankruptcy filings in 2003 may hit high With consumer debt rising, personal bankruptcies in 2003 are expected to hit an all-time high. Nationwide, bankruptcy filings are projected to reach 1.6 million, according to Economy.com which provides economic and financial research. That compares with 1.5 million in 2002. Experts say the bankruptcies are driven by rising consumer debt and a lackluster job market. oregonlive.com =========================================================== Inflation comes AFTER these max out IMO, not before (and I do not think we are even close) M

To: Jim Willie CB who wrote (5950)	1/23/2004 12:11:20 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

BTW if you think I am critical of Roach, you are badly mistaken. He is arguably the best economic analyst out there. Mish

To: Jim Willie CB who wrote (5950)	1/23/2004 12:20:16 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

The typical U.S. family in the 1970s had one wage earner. As of 2000, it had two. What family expense increased the most in this period, as a percent change? 44% (12 Votes) Total spending on health care... 22% (6 Votes) Total spending on mortgage payments... 7% (2 Votes) Total spending on cars and maintenance... 26% (7 Votes) Total spending on home entertainment... ========================================================= The answer Adjusted for inflation, mortgage payments rose 69% in real terms for the typical U.S. family in this period. So while the typical U.S. family in 2000 had 75% more income than its counterpart in 1973, it was still left with less after expenses.1 From: 1 Warren & Tyagi, The Two-Income Trap: Why Middle Class Mothers & Fathers Are Going Broke (New York: Basic Books, 2003), pps. 50-51, and Chapter 2, passim. And more information here: cbsnews.com =====