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

To: mishedlo who wrote (4680)	4/19/2004 9:40:13 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 116555

<<One of the main characters, as a boy, was seen living with his family; they were well off, prosperous and happy. Then the crash...the family loses everything...and finally they are reduced to placing their son with a family who can provide for him. Could times that incredibly awful ever return?>> Let me put it this way....the 00's are gonna make the 30's look like the 60's.<NG> <<But what happens if an entire nation...its government...has "maxed out its credit card"? And particularly if that nation is the largest economy in the world, and apparently the "designated consumer" for the rest of the world?>> .....As Magner would say "TL and EV for all!"

To: mishedlo who wrote (4680)	4/20/2004 11:39:55 AM
From: russwinter	Read Replies (3) \| Respond to of 116555

<But what happens if an entire nation...its government...has "maxed out its credit card"? > You know, I accept this kind of story as gospel, sure don't dispute the reality. But what is really perplexing me more than just about anything right now is this: Where are the credit blowups, the big, out of the blue bankruptcies? The next Enrons, the Worldcomms? All this new debt has to be serviced? They seem long overdue, but somehow it's not "out" yet? Where's is the big accident, that could really start unraveling things. There is absolutely zero fear of credit risk priced into the market. Look at crap like MTG (which I'm F--- g short, gawd!) hitting new highs every day. stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G I admit real confusion about that, makes no sense, unless they just keep borrowing to paper things over. Still wouldn't that show up on credit scores. I wonder what the national credit score trend is right now for consumers. Nobody, including you and I, has dug very deep on that one? How does this monster debt keep getting serviced?