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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 (66401)	7/19/2006 11:25:23 AM
From: John Vosilla	Respond to of 110194

Foreclosures rise, property prices in many areas fall, many who couldn't afford their homes end up becoming renters again and life goes on. Temporary big drop the next few years in big ticket discretionary spending is a given..

To: UncleBigs who wrote (66401)	7/19/2006 11:31:35 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

Using a HELOC to pay the mortgage is not just burning the furniture to heat the house, its more like burning the house itself one piece at a time to heat the house. .

To: UncleBigs who wrote (66401)	7/19/2006 12:45:38 PM
From: glori	Read Replies (1) \| Respond to of 110194

<bernanke says homeowners have plenty of home equity and therefore are able to make their mortgage payments.> He's probably referring to the BANKS are able to get their money as long as there is equity - even if it means the home"owners" losing the house.

To: UncleBigs who wrote (66401)	7/19/2006 1:58:01 PM
From: shades	Respond to of 110194

In the 30's there was some congressman rallying against the foreign holders of our debt as local farmers were booted to the curb - so this is bernanke's solution? Sell our farms to the globalization champions overseas and boot our local citizens to the curb when it is time to scale back on living la vida loca? Pathetic.