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

To: Ramsey Su who wrote (28034)	3/7/2005 7:19:02 PM
From: steve from ihub	Respond to of 110194

<It is not as if we are going to have a depression like the Great Depression. probably not, but i see no way around a worldwide recession

To: Ramsey Su who wrote (28034)	3/7/2005 9:25:42 PM
From: Condor	Respond to of 110194

Thanks Ramsey. I remember that period quite well. It was tumultuous indeed. C

To: Ramsey Su who wrote (28034)	3/8/2005 2:08:51 AM
From: John Vosilla	Respond to of 110194

It is not as if we are going to have a depression like the Great Depression. Circumstances are very different. I think it is going to be like a reverse wealth effect, reversing first the equities wealth effect then the real estate wealth effect. Certainly the coastal bubble markets are going to have a major downturn from reverse wealth effect and loss of many of the jobs tied to housing and a sharp decrease in consumer spending. But will it take down the whole economy with it and will the eventual bottom be at historic low rates or at the 1980-81 top? There is little if any wealth effect gain due to the recent funny money policies of our gov't in much of flyover country. They are depressed markets already and are incredible bargains given today's rates and the high costs of new construction.