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


To: gladman who wrote (64124)6/19/2006 5:36:41 PM
From: shades  Read Replies (1) | Respond to of 110194
 
they feel compelled to live in a McMansion, drive a foreign luxury car and yes max out the 7-8 credit cards. who believe that money is an endless renewable source

You have just described my nieces and most of my friends children - at 16 they had to have the latest BMW - grandma had to pay for them the most expensive exotic trip to europe - target just came out with new 200 dollar designer jeans for them - these are not income PRODUCERS - these are SHOPPING MACHINES! Beware. I am talking about the nice christian children too - don't get me started on the 14 year olds that go through thousands in designer drugs a week.



To: gladman who wrote (64124)6/19/2006 7:13:24 PM
From: UncleBigs  Read Replies (1) | Respond to of 110194
 
What grouping of debt ridden citizens are you referring to?

do you think this all looks sustainable?

idorfman.com

idorfman.com

idorfman.com

idorfman.com

that's just for starters.



To: gladman who wrote (64124)6/19/2006 10:14:28 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
What grouping of debt ridden citizens are you referring to?>

Here's that debt ridden group in aggregate as a nation, and measured three different ways:

xanga.com

<As long as the capacity to generate a household revenue stream remains.>

I would argue these charts represent a debt trap. Doesn't help that 40% of all new employment post 9/11 is real estate, construction or mortage related (source David Rosenberg., Merill Lynch).