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

To: phoscan who wrote (60261)5/4/2006 10:35:04 AM
From: GST  Read Replies (1) | Respond to of 110194
 
This is rational only under one set of conditions -- expectations of high levels of inflation in the future. I would not want to be caught with a pile of debt right now -- too much uncertainty. But it is possible that those who are playing this crazy game are right if in fact inflation is going to accelerate and persist.



To: phoscan who wrote (60261)5/5/2006 12:14:37 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
"Our policy of using our homes as our banks is bad public policy, and we need to think of the long-term implications of the debt we have. It's a homeownership economy where people don't really own their homes."

What a great quote... Debt slavery where the 'ownership society' owns you?


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