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


To: Grandk who wrote (13795)5/13/2004 12:55:57 PM
From: yard_man  Read Replies (2) | Respond to of 110194
 
home "ownership" at all-time highs. Equity at all-time lows. Overall debt to GDP near all-time highs. Fleck and co are not pessimists. They are realists.

You are simply looking at the wrong risk here, J. The risk is not higher rates -- the risk is failure of debt to expand and support ever higher prices -- everything is now predicated on this. When it stops, it most certainly will be game over ...