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


To: stockman_scott who wrote (30202)4/7/2005 10:44:54 AM
From: LLCF  Read Replies (1) | Respond to of 110194
 
EXACTLY... that's why the opposite is inevitable, it's just a matter of time. The last line sums up nicely:

<<. When this bubble declines, the solvency of U.S. homeowners will be maintained at any cost, even if that cost is a condition of severe inflation.>>

DAK



To: stockman_scott who wrote (30202)4/8/2005 3:44:55 AM
From: westpacific  Read Replies (2) | Respond to of 110194
 
Greenspan comment - scary, scary indeed....

This is their helicopter drop, all they have left now is the printing of fiat, only game left for the FED now in this debt economy. All this talk of controlling inflation is pure BUNK, they have no plans to stop inflation, maybe they are trying to talk it down. Talk is all these guys do. In 30 years my kids will need 10 million clown bucks just to buy a small apartment!!!!!!! 1965 you could buy a nice 4 bedroom track home in sunny So. Cal. near the coast for 25,000 - damn scary the road we are travelling. Afraid, you bet you.

-----"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power."
—Alan Greenspan, appearing before the Senate Banking Committee on Feb. 15, 2005, in response to Democratic Senator Jack Reed of Rhode Island on the topic of funding Social Security.