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

To: John Vosilla who wrote (75291)	12/11/2006 1:46:48 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

In the 80's, it only "seems" inequality increased, because booming economy minted many new millionaires, but the truth is that almost everybody did very well during Reagan years. Unlike now, when retirees, savers, lower classes and renters were totally slaughtered during the real estate bubble either by rising house prices or sharply rising living costs. I predict that uneven distribution of wealth will increase sharply in coming years, with some people so rich they will spend $100,000 on a giant Christmas tree or 10 grand on a horse massage while many in the lower class unable to afford a $10 loaf of bread once it gets that high. We still have some ways to go to catch up to Brazil though. In Brazil the richest class lives behind electrified fences while many banks have at least 2 guards armed with automatic weapons.