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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 (11169)4/2/2004 10:49:43 AM
From: SOROS  Respond to of 110194
 
Household real estate is up 45% since 4th quarter 1999, yet household liabilities are up 41% and financial assets are down 1.9%! People have been on a borrowing refi-spree and blowing the money on junk they don't need. They have not paid down any debt with it. Amazing how they keep the WS TV whore news flowing and people believing it.

I remain,

SOROS (an old idiot who obviously understands nothing)

contraryinvestor.com