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


To: bart13 who wrote (69298)9/3/2006 11:07:07 AM
From: Tommaso  Read Replies (2) | Respond to of 110194
 
>>>Only those who entered stage 6 with little or no debt survive to buy the dramatically discounted properties<<<

I guess I would like to be one of those buyers. But we have got so used to perennial reinflation by the Federal Reserve that I wonder if it will ever again come to that. There seems to be no end to the ingenuity of lenders in inventing ways to create ever-larger amounts of debt.

At some point, my paranoia tells me, being debt-free will be criminalized, the way hoarding sometimes has been in national emergencies.