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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 (66619)7/21/2006 1:31:59 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
Goldman Sach's partners can't make up the difference.>

Those are pig men, I define Bullies as a much broader group, maybe 10% of the US population. The question mark group of Bully wannabees (15-20%) exhibit Bully consumption tendencies, but will cut back quicker. But if the markets stay inflated they won't. The rest of Brazil America, (about two thirds?) are just taking care of basic needs. I doubt if they've bought a new Polaris for awhile. Examples of Bully behavior and waste in China (it's global), just get catered to, until the free ride and punch bowl is removed.
today.reuters.com



To: UncleBigs who wrote (66619)7/21/2006 1:37:50 PM
From: Mike Johnston  Read Replies (3) | Respond to of 110194
 
The housing bubble has been a driver of consumer spending since 2001 at least. Now with inflation picking up and house prices stagnating, the middle class is due for a whipping.

The upper class is getting richer while the middle class is sinking, that is why more discretionary spending power will go to the top 10% and they will be the drivers of consumer spending going forward.

And you would be surprised how much damage a 19 year old mistress can do on a Bully's credit card.
I guess we could ask shades.