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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (135852)	8/19/2006 10:06:03 AM
From: steve from ihub	Read Replies (1) \| Respond to of 209892

hey mc, didnt want to reply during market hours with my FA rant, thread rules and all. i am very optimistic about my future. my biggest concern is our countries debt and spending habits and the overally economy of the next X number of years when this house of cards comes tumbling down. who knows, perhaps we are just too big to be allowed to fail. i just dont know. what i do know is we have too much debt, spend too much and the bulk of americans are in the same boat. folks out here in arizona where housing prices soared the past few years have re-fied 2-4 times on average and pulled every last cent possible from their houses and in true american spirt, spent it. while that was great for the economy the past few years, what happens in the coming years? in my opinion we will have to work off the excess and pay down debt. the economy isnt going anywhere in that environment. where things could get stinky is if inflation is NOT controlled. if inflation keeps going up, interest rates will have no choice but to follow further dampening the economy. not to mention the 70% of folks that took out adjustable rate mortgages despite interest rates being at multi decade lows. they will continue to get higher and higher payments and foreclosures will soar. if things get bad enough we could be looking at the equivalent of the S&L mess from the 80's (???) thats my view and why i am bearish until 2010-2013 ish (gg). if it all pans out i will be buying a ton of real estate in 4-7 years and kick back and enjoy the ride up for the following 20