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

To: GraceZ who wrote (54384)	2/21/2006 11:40:35 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

You think it is just boomers doing this Grace? Most older boomers appear to be in great shape IMHO. The younger you get from 50 the more leveraged and living beyond your means it appears you are. If you are under 40, live in a bubble market and didn't own property this boom you fell so far behind in purchasing power. Question I always ask myself as to the impact of the coming RE and credit bust is what portion of the total population is really living way beyond their means using their home as an ATM or spending like all the money from RE related jobs this cycle will continue in perpetuity?