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

To: mishedlo who wrote (28085)	3/8/2005 12:45:18 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Don't know, but here are the two biggest stories of the week. Message 21113595 business-times.asia1.com.sg China is dealing with the exploding Train Wreck there by targeting a cool down in it's property market, and with real actions not words. For a corrupt command and control economy this probably makes the most sense too. Circle the wagons and try as much as possible to insulate the big Boyz and their enterprises. Meanwhile choke off credit and resources for speculators (attack on Asian Pig Men?) and the less well connected (foreigners?), so that the Boyz will have access to it. This will get ugly. A Chinese contraction is underway.

To: mishedlo who wrote (28085)	3/8/2005 12:51:37 PM
From: russwinter	Respond to of 110194

Guess inclement weather is going to be the "dog ate the homework" refrain of the initial phase of this economic downdraft? yahoo.reuters.com biz.yahoo.com

To: mishedlo who wrote (28085)	3/8/2005 1:02:34 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Sounds like the new ownership society for many will be one where the banks own the consumer and home owner.

To: mishedlo who wrote (28085)	3/8/2005 2:11:18 PM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

There is no difference bet. what the credit card companies have been doing (pushing to lend to people who can hardly afford to borrow) and the daylight robbery from the poor, except the former is legal. from one of your links: "Most of the credit cards that end up in bankruptcy proceedings have already made a profit for the companies that issued them," said Robert R. Weed, a Virginia bankruptcy lawyer and onetime aide to former Republican House Speaker Newt Gingrich. "That's because people are paying so many fees that they've already paid more than was originally borrowed," he said." newsday.com