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

To: Oblomov who wrote (9434)	3/5/2004 1:53:56 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 110194

<<What specifically about a second Bush term would cause class warfare to erupt?>> Home foreclosures, the new bankruptcy law throwing debtors in prison, and skyrocketing unemployment. Not that the Demorats would do any better, but Bush has been there 4 years already, so he and his admin are the ones who gets "Hoovered". There's a rising perception that the administration has a credibility problem....WMD, the PPI release, and all the jobs blather. Nonetheless, the power of the incumbency may be enough to get him through the election, but there are a lot of shoes lining up to drop afterwards (interest rates being only the most prominent). I don't think there's a chance in hell that we escape a recession in 2005, and that certainly would be enough to trigger it.