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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 (62590)	6/3/2006 2:28:00 AM
From: shades	Read Replies (1) \| Respond to of 110194

Japan used property as collateral for loans to buy more property, but that was not a dominant trend. Well get us some numbers - how much spendable WEALTH can brittney get her hands on today compared to what a japanese brittney could have gotten 15 years ago. The article from NAHblog said there was 11 trillion in assets that could be instantly monetized just from the housing sector by J6P. The dominant trend was for large corporations to borrow against RE to finance capacity for export. I see brittney and friends and hubby spending and writing heloc checks to go to disney world, buy cars, buy 2cnd houses, buy red lobster - corporations here seem to be cash rich eh? Home equity loans had nothing to do with Japan having money to spend -- they were and are a nation of savers. The largest pool of savings is controlled by middle aged women. Well here we get into some of the arguements of the original article - if I can overdraw my bank account, write a heloc check, withdraw instant money from my stock account, credit card checks etc etc there is still a lot of buying I can do before I reach the end of the punch bowl and have to change my mass psychology. As I said - the cordele friends were not sweating a 112 dollar overdrawn bank account - they told me they could overdraw it 500 before it got locked down and made purchases all over the city. They hit www.paydayloan.com and 5 other online payday lenders - this was spendable money to them - long after I would have considered myself penniless and broke they still mentally had thousands of dollars waiting on them in the nooks and crannies of our modern financial system. They had a pair of cobra long range walkie talkies - that was a dinner at red lobster once they pawned it - they kept telling me all week that was going to be a red lobster dinner. The had a lot of Silver - that was also going to be several dinners and a few nights at the hotel - but they got thrown a curveball when the pawn guy wouldn't buy that garbage. They were even counting on thier gameboy as instant spendable money when they monetized that asset - kept telling me for days the gameboy will be mcdonalds hamburgers for a week - the gameboy came through for them. (she was waiting on a job as a medical lab supervisor with a several K sign on bonus - but had chalked up all these "assets" to get her to payday) She didn't even hit this website: prosper.com she had lots of options at the end of her money - she had 20K in clients lined up on erotic craigslist for escorting too if the other sources failed her - no my friend GST - she had UNBELIEVABLE sources of money that she had not tapped into that you and I would be SOL to try and get I feel. Never forget that 20K on craigslist she gets for the right kind of plumbing that you and I can not count on.