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


To: Sawdusty who wrote (28150)3/8/2005 6:40:41 PM
From: LLCF  Read Replies (1) | Respond to of 110194
 
<If they were all purchased on credit, and the buyer is heavily leveraged, he could indeed be poor, much more than his possessions indicate.>

Well sure... I'm just saying, there are probably A LOT more middle class schmucks sucked in than anything. In the long run there will be a lot of all these things for sale and credit card companies with nothing; So in the big picture they are the fools.

DAK