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

To: jimmg who wrote (70163)	9/23/2006 10:29:57 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

Doug is very bearish longer term but thinks the strong credit growth is leading to wage inflation which will support the economy and housing much better than most think. Like I said, another bear capitulates. My knowledge of the credit markets compared to noland's is so small that an ant could piss on it but I don't see any wage inflation. Of course, I am in Detroit, which I view as paving the way for the rest of the country, BWTFDIK? He might be right but I tend to think we are much closer to the bust. Well I think you're both wrong. I think the bust is here. <g>