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


To: russwinter who wrote (71948)10/13/2006 6:24:43 PM
From: Ice Cube  Read Replies (1) | Respond to of 110194
 
ouch....

Message 22594647



To: russwinter who wrote (71948)10/13/2006 6:54:29 PM
From: UncleBigs  Read Replies (1) | Respond to of 110194
 
russ, I can't believe bonds aren't crashing right now. The Fed is behind the curve again. Gold and silver were strong today as well as energy equities.

I would think metals and energy get another run higher here or bonds crater or both.



To: russwinter who wrote (71948)10/14/2006 12:56:21 PM
From: dipanjanc  Respond to of 110194
 
Almost unfathomable behavior, given the actual steep declines in housing prices of late.

Can the spurt in consumer borrowing and spending be actually explained by stagnant/declining housing prices, at least partially? It seems counter-intuitive and goes against the expected consumer response of "shrinking wealth effect". But maybe now that the consumers are finally and reluctantly accepting the fact that housing might stay stagnant/declining for a while, the last few dollars that they could possibly borrow and were saving for (another) condo flip/vacation home/upgrade are being spent on retail.