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

To: Nikole Wollerstein who wrote (47257)	12/14/2005 8:37:07 AM
From: GST	Respond to of 110194

House prices can go either way -- but no matter which way they go, the result is the same. As we liquidate our debts we will experience a sharp drop in our ability to sustain our "high" standard of living. We can pay the debts or we can default. As the debt grows, the first option starts to be unrealistic. Our chosen method of default will influence how we experience the aftermath of default -- but there is no rosy scenario where we default and the world shrugs and lets us of the hook.