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


To: mishedlo who wrote (51158)1/24/2006 1:29:47 PM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
Mish you gonna go without heat, food, insurance, medical care? You not going to pay your RE taxes? Your county not going to repair and upgrade infrastructure? Everyone must be going bankrupt and the sky is falling if you are right..



To: mishedlo who wrote (51158)1/24/2006 1:39:42 PM
From: philv  Read Replies (1) | Respond to of 110194
 
Watching CNBS, their references to "Socialist Europe" with all the appropriate sneers and facial expressions on Squawk Box, while referring glowingly to "capitalist" Britain is almost enough to make one puke at times. Maybe it was more a political statement than reality?

I wonder how much advantage Britain has enjoyed the last 20 years due to the north sea oil, which incidentally is declining precipitously now, and from what I have read, Britain will begin importing oil on an increasing basis from now on.

So I agree with your comparison with UK.



To: mishedlo who wrote (51158)1/24/2006 3:11:22 PM
From: Riskmgmt  Read Replies (1) | Respond to of 110194
 
The UK is every bit as F*d as the US but the way some people harp about the US$ you would never know it.

Mish, I take issue with that!!

The UK isa lot more F*d than the US, even Bush hasn't closed that gap yet. I know, I know, give him time...:}

Seriously, the UK has problems we haven't here in the States. At least, we haven't yet. They are much more socialistic, have more immigrant problems (legal and illegal), higher unemployment and a bigger RE bubble. London is the number 1 or 2 most expensive city in the world AND THE HAVE TONY (look you in the face and lie) BLAIR!!

I rest me case and go back to lurking.

Ray