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


To: NOW who wrote (27977)3/7/2005 11:34:27 AM
From: John Vosilla  Respond to of 110194
 
you think the S&L crisis was big compared to what we could face????

Shouldn't the banking stocks be collapsing while new foreclosure filings and delinquencies skyrocket for that to happen? No doubt the cash out refis in bubble markets has just delayed the inevitable. The S&L crisis was pretty bad, the banking industry was in a total shambles, monetary policy was much tighter and yet we still did not enter a period of deflation. This next one could end up being worse and still not be deflationary.