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

To: Mike Johnston who wrote (56222)	3/19/2006 3:41:51 PM
From: UncleBigs	Read Replies (3) \| Respond to of 110194

Can you see the difference in field position between the 70's and now? idorfman.com idorfman.com idorfman.com We have a bursting housing bubble, negative savings rate that can only go higher and an overly indebted consumer. None of these conditions existed in the 70's. Also, we had a trade surplus in the 70's and a very obnoxious trade deficit now. The current environment is nothing like the 70's.

To: Mike Johnston who wrote (56222)	3/20/2006 11:19:12 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Thinking 70's stagflation combined with early 90's RE debt cleansing? Perhaps a world awash in dollars and under reporting true CPI keeps a lid on a rapid collapse in bubble RE prices? That so many smart people still thing we have a deflationary collapse with lower rates coming is amazing. That others think we have goldilox and a stable economy and low rate environment with these twin monster deficits and US savings rates for the masses at zero is even more amazing..