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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 (64122)	6/19/2006 4:52:14 PM
From: gladman	Read Replies (3) \| Respond to of 110194

>>No new bubble can possibly delay the inevitable deflationary debt collapse<< If we're consistent then your prediction is 2-3 years out<g> >>people went hog wild with their borrowing and spending assuming the good times would last forever<< Who are these people? I don't know them. Do you think a single grouping of over spenders will take down our economy? High Spenders are typically High Income Producers, they feel compelled to live in a McMansion, drive a foreign luxury car and yes max out the 7-8 credit cards. These are doctors, attorneys, biz execs etc... who believe that money is an endless renewable source based on their capacity to produce it, and as long as they continue in their capacity they are correct. What grouping of debt ridden citizens are you referring to?