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


To: ild who wrote (44704)11/3/2005 12:48:11 PM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
This is interesting on OC employment ...

Mortgage lenders see profits shrink
ocregister.com

Excerpt: "Lenders and related businesses added 15,000 workers - a 42 percent jump - in the past four years. One in four jobs created in [Orange County, CA] since 2001 have been in lending-related fields."

That is just the lending related jobs ... how about construction, RE agents, etc.? What happens when the boom unwinds?



To: ild who wrote (44704)11/3/2005 12:53:52 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Thu Nov 03 2005 12:35
trotsky (Apollo@Indonesia) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
i agree with your assessment - they're in deep doodoo at this stage. the most important question however is, will there be contagion? when Thailand began to crumble in '97, contagion rippled out until Russia defaulted in '98.
if Indonesia proves contagious, this might turn into a positive for both gold and industrialized nation government bonds. so how likely is it that Indonesia's troubles will remain contained?