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


To: ild who wrote (25468)1/28/2005 10:54:56 AM
From: ild  Read Replies (1) | Respond to of 110194
 
Global: The Hollow Confidence of Davos

Stephen Roach (from Davos)

morganstanley.com



To: ild who wrote (25468)1/28/2005 12:34:25 PM
From: John Vosilla  Respond to of 110194
 
<EDIT. I myself looking for signs of consumer giving up, but I don't see any yet. Credit is plentiful>

I agree. See few signs my self. I have noticed some local midwestern banking institutions stock prices have collapsed on high volume lately as perhaps a leading sign of a cancer that will eventually spread across the land.



To: ild who wrote (25468)2/2/2005 5:03:26 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
credit card balance transfers are fewer, but still offered

fewer easy money credit card deals offered
they continue to flow in the mail at 4%
but fewer of them

noticed a couple credit cards lowered my limits
a couple others raised rates
all legal and proper, just damned unkind uncooperative

some severe credit card writeoffs are coming in future years

/ jim