Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GST who wrote (66203)	7/16/2006 4:44:20 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

'The credit boom in the US has run its course for the most part. We are the most extravagant and wasteful people on earth. It is time for us to become smarter and more modest consumers. Global pricing is going to help drive the point home as the end of cheap oil, cheap credit and cheap labor is upon us. In China, their growing wealth is the platform for a new spending boom. We should fear this boom mainly for one reason -- if they consume in the same pattern as we have they along with America will destroy the atmosphere of this planet via global warming. Our economy grows and recedes like the tide in the bay. That is no big deal. Housing prices can overshoot, and we will have a recession. Big deal. And in this recession we will have inflation. That will come as a surprise to those who do not see the transition in the global economy that is well underway. But in the end, if we destroy this planet it will have far worse consequences than the ebb and flow of our finances.' Can't disagree with any of that. Mish hope you are sober today<g> Add in the twin deficits with no end to that madness and what do we get? You realize deflation saves many in debt slavery. But a period of persistent rise in prices of things you need, dollar debasement, war, natural disasters and rising rates hurts the masses of this country most at the wrong time as housing is collapsing. Anyone think this episode in the Middle East was orchestrated at this time for a reason?