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

To: John Vosilla who wrote (47651)	12/19/2005 6:54:45 AM
From: shades	Read Replies (1) \| Respond to of 110194

While I respect what guys like you and Mish say you really need to get out there more and see the incredible wealth a certain demographic of our population has attained of late. You need to travel and see how full the planes are, how full hotels are. There is more going on than meets the eye.. Nothing like seeing it with your own eyes - this is great advice Vosilla - some that I hope is heeded - while several of my multi-millionaire friends flew to germany this year 1st class - 6K for the plane ride - I took the greyhound bus and got in the trenches. I don't know how it all will end, but there are massive flows of people going around this country seeking work. I think giving the manufacturing to india or china is only a real problem if they decide to stop selling us TV's and doing phone center work eh? Bhagwati assures this will not be the case and they will not stop the flow of goods and services we have handed to them to build and maintain. We kept trading with the british after our disagreements and bloodshed? Another trend I have noticed in many cities however of the past 5 years or so - less and less Xmas decorations - entire communities just have no Xmas spirit and are dead - no lights, no carols - nothing - it seems to get worse every year. 10-15 years ago - every house or every other one had lots and lots of lights - Griswald Xmas Vacation style where they had to kick in the extra juice at the power plant - but now - every 20th house or so in many communities is all that is lit up.

To: John Vosilla who wrote (47651)	12/19/2005 8:58:38 AM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

If anything more and more signs continue to point to reflation being a success. I don't dispute that reflation has been successful if you view a debt/consumption binge as successful. The question is one of sustainability. Reflation based upon skyrocketing debt is obviously not sustainable. That wealth you see when you travel is fueled by an unsustainable rise in asset prices fueled by easy credit. Once the credit spigots slow down, asset prices decline and those people who thought they had wealth will watch it go to money heaven. The smart money is selling. Selling houses, selling stocks. That wealth will be maintained. Wealth tied up in paper assets and real estate can and will vanish rather quickly.