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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (269177)	1/20/2006 2:51:03 AM
From: tejek	Read Replies (1) \| Respond to of 1571728

One thing we know, it is preposterous to believe that people who bought with no money down at the top of the market can continue putting up 40% of their salaries for mortgage payments. Yes it is a bubble waiting to be burst. Let's hope it's a gradual burst, not a sudden one. You live in LA....of course, it looks to you like its a bubble. However LA is not the rest of the country. The war may cost us as much as 2 trillion. That's another disaster in the making. The debt load Bush will leave us is so huge nobody knows what to do about it. Now that I agree with you.