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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 (61474)	5/20/2006 1:52:14 PM
From: GST	Read Replies (1) \| Respond to of 110194

The drop in real estate will cause prolonged stagnation, but in itself it will not send the economy into a deep pit. The drop in the dollar on the other hand will cause interest rates to stay relatively high and it will cause imports of goods and services on which we are so deeply utterly reliant to rise in price -- the most likely scenario is stagflation.

To: UncleBigs who wrote (61474)	5/21/2006 2:16:54 AM
From: Proud Deplorable	Read Replies (2) \| Respond to of 110194

"That will likely destroy consumer confidence and retail spending" And this is a good thing. We will finally realize that the US consumer is no longer the driver of the world economy and that smart countries like China have for seen this and can compensate by developing other markets including their own. Can anyone here look me straight in the face and tell me that Americans deserve to live the way they do, many in shameless luxury in comparison to workers in other countries that make it all possible because they are exploited by well heeled US corporations that no longer hire their own citizens?