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


To: GST who wrote (36649)7/22/2005 5:44:44 PM
From: regli  Read Replies (1) | Respond to of 110194
 
Having spent considerable time looking over U.K. news lately, we should look very closely at the U.K. as a model of what might happen in the States.

The potential parallels are simply striking with consumers deeply in debt, a significant current account deficit, declining oil reserves, manufacturing job losses over many years and last but not least a severely overpriced housing market.