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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (4104)4/11/2004 5:28:13 PM
From: Tommaso  Respond to of 116555
 
Link:

nytimes.com



To: Tommaso who wrote (4104)4/11/2004 7:01:33 PM
From: gregor_us  Read Replies (1) | Respond to of 116555
 
Yes I Read That NYT Story. If A Correction in Housing

never really occurs, then IMO this will simply add fuel to the Brazil-ification(possibly a worn-out term, but I'll use it anyway) of the USA, with a yawning and almost incomprehensible spread of lifestyles and standards of living among us.

My reading of history tells me that only through the development of a broad, sturdy middle class--can one hope to have stability.


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