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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (24956)	11/1/2004 10:33:44 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

wow... is echo a new feature of SI ? did I place myself on ignore... hmmmm I must be have one of those SI moments of clarity... I hate this new SI...

To: X Y Zebra who wrote (24956)	11/1/2004 11:00:00 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

the financial engineers (namely, central bankers and allies), will make sure that such credit will be a form of engine of growth of some sort... (fat chance for interest rates to go sky high, if this is correct) yes indeed. bond market sure seems to be confirming that, despite all the calls (months ago) for higher rates to fight looming inflation we are chained to the debt driven economic 'growth' engine and the fed understands this the boom in credit extension is absolutely pervasive now i am not nearly so concerned about mortgage debt as i am the unsecured credit debt (to be sure a fair amount of which has been rolled over into mortgages) concerned in the sense that even with low rates, easy credit....eventually the debt has to be repaid pay me now, pay me later we've been choosing the latter i think that sets us up for a hell of a recession as those who spend today with tomorrow's dollars have to put the brakes on spending as they 'pay it off' (or at minimum 'down') i do not see high interest rates coming with the current debt structure in place