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

To: russwinter who wrote (13172)	10/8/2004 4:17:45 PM
From: NOW	Respond to of 116555

nice post russ; you post best when pissed off g

To: russwinter who wrote (13172)	10/8/2004 4:31:49 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116555

I am truly amazed at the madness now engulfing our credit system. The credit card companies obviously know I have the financial wherewithal to live much on the hog than I am doing now. They keep barraging me with blank checks and urging me to use my rather large untapped borrowing power. They try to make you feel like a criminal or an outcast if your refuse to engage in the irresponsible nonsense now going on all over Greespan's America. This has got to end VERY badly. The only question is exactly when.

To: russwinter who wrote (13172)	10/8/2004 7:56:45 PM
From: orkrious	Read Replies (1) \| Respond to of 116555

russ, do you expect the stocks of the commodity producers (like copper) to be taken down when the bust occurs? or will the fact that the world doesn't have any copper stock keep them up? tia

To: russwinter who wrote (13172)	10/8/2004 9:34:01 PM
From: Wyätt Gwyön	Respond to of 116555

More likely than tiring, they will choke on it, and I think we are getting very close to that point (my Train Wreck theory). When they do go bust from lack of, or sky high input goods, and crushing business losses from manufacturing Wal Mart crap in the red, you will see large amounts of USD loans brought home to shore up collapsing Chinese and Asian banks, and enterprises. It will be a giant reflux, and I now think that's the most likely end game to the credit bubble. somebody should keep track of the various denouement scenarios. this seems as likely to happen as anything i have heard. good post.