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

To: UncleBigs who wrote (56224)	3/19/2006 3:50:13 PM
From: Tradelite	Respond to of 110194

re: the 1970s vs. today You're right. Now is not the '70s. Back in that decade, I managed to: graduate from college get a decent professional job based on my college education buy a car with cash wait in gas lines due to a gas crisis buy a house with a required 20-percent down payment and a 9.25-percent mortgage loan have a kid feel like a penny-pincher most of the time but still have money to do the important stuff. own a dog at the same time pay the veterinarian bills see mortgage interest rates soar into the high teens <<gg>> People find a way to get by from day to day. The country does, too. Hope the future is as challenging as the past and that we all persevere.

To: UncleBigs who wrote (56224)	3/19/2006 3:53:56 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

I think the United States is headed for the worst economic chaos ever created in a country that has not recently suffered major military defeat and invasion. I don't think there has ever been any case of a country that has been permitted such financial extravagance, unless it was the city of Rome at the height of the Roman Empire. Yet a large majority of U. S. citizens are quite oblivious to the implications of this enormous internal and external debt structure.