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

To: Mike Johnston who wrote (71899)	10/13/2006 1:33:42 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Everything is 5-15% more expensive this year than last year, so the nominal numbers are strong. Define "everything" Clothes? Furniture? Appliances? Cars? Trucks? Tools? Electronics? Food? I doubt any of those are up 15% YOY. In fact, I bet some are negative. Mish

To: Mike Johnston who wrote (71899)	10/13/2006 1:45:52 PM
From: John Vosilla	Read Replies (3) \| Respond to of 110194

'Other than that, some desperate "house ATM" consumers sensing imminent bankruptcy and foreclosure, might max out their credit lines in order to "go down in style" and enjoy their last moments of "wealth". The foundation of the economy is rotten.' Yet Bank America and JP Morgan/Chase control such a huge portion of the credit card biz these days and their stocks hitting all time highs on a daily basis. Another of a long list of conundrum's. Perhaps very low interest rates, low unemployment, reasonable gas prices and continued easy access to credit for most trumps all?