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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 (50998)	1/23/2006 4:08:46 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

For some reason, she takes offense at any statement that would suggest all is not well with the economy. And she was really upset with my statements over on the Real Estate thread, that inflation is running somewhere between 6 and 10%, claiming that she pays last decade's prices for many things she buys (groceries among others). The facts speak for themselves, all the things that you wrote and don't forget about 43% of first time homebuyers that could not come up with any downpayment. That was a shocker.

To: John Vosilla who wrote (50998)	1/23/2006 4:11:56 PM
From: shades	Read Replies (1) \| Respond to of 110194

Zero savings, high cost of living, negative ARM's with growing mortgage balances Phil said again today - that Bank of America went to bush, made it where the people cant write off the loans - therefore by law the banks cant write off the loan - therefore no bad earnings - foreign money keeps coming in - so like japan - all these loans will stay on the books and never be written off. Consumer Protection Act - HAHA! Too funny. These arms will turn into 100 year multigenerational stuff like happened in japan probably - hehe. Protect earnings for the bank act! 85% of bankrupting against them is medical bills - so we just KILLED a lot of citizens!