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

To: GST who wrote (61646)	5/22/2006 7:14:09 PM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

the u.s. is in far worse shape than japan. they had/have a real economy. we have toe salons, latte stores, mortgage brokers, speculators, real estate agents, remodeling contractors and lots of retail selling space.

To: GST who wrote (61646)	5/22/2006 7:24:32 PM
From: Perspective	Read Replies (1) \| Respond to of 110194

Agree with UncleBigs; our economy is a hollowed-out excuse for a service economy. A service economy is what develops when other countries are willing to give you the things you really need to survive: manufactured goods, energy, raw materials, etc. If you're given cars and clothing and oil, everybody stares at each other for a little while as they try to figure out what the heck to do. Then they set up nonessential services like housecleaning, restaurants, and mortgage banking. But when the benefactor takes away the manufactured goods, energy, and raw materials, you have an "economy" unable to provide the basic needs for its citizens. We're there now. If our service economy were really producing things of such great value, it would be reflected in our trade deficit. Our massive imbalance is the real measure of how significantly the real estate bubble has distorted aggregate US demand. BC

To: GST who wrote (61646)	5/22/2006 10:36:54 PM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

GST, Maybe, on US vs Japan real estate bubble: In Japan - Sake2Cups were basically locked out of the real estate market, and so mostly only the institutions bothered. - Japanese folks had/has savings. In the US - everybody bothered, as many participated in the wager, either buying, or cash-out refinancing. - Savings short, and so perhaps what happens later will be worse, much worse. Only question is whether worse by value, or currency, or both, plus bankruptcies. Chugs, J