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

To: GraceZ who wrote (78090)	1/24/2007 9:48:45 PM
From: GST	Respond to of 110194

Hi Grace -- the thrust of my comment was intended to clarify how we as Americans -- taken as a whole -- think and behave. You can love it or hate it -- but there it is. We are the cash flow society. Don't tell me how much the car costs, tell me how much my monthly payments will be. Don't tell me how much the house costs, tell me about the payments -- and so on.

To: GraceZ who wrote (78090)	1/25/2007 9:24:12 AM
From: forceOfHabit	Read Replies (1) \| Respond to of 110194

Grace, It seems like its "pick on Grace" day, and I hate to seem like I'm piling on, but it's irresistible... Yes, they do [Americans approach life as a cash flow proposition] and being cash flow oriented has given them a very high average net worth in comparison to the rest of the world. Ummm...do you have any evidence to support that conclusion? "Approaching life as a cash flow proposition" is a relatively recent economic phenomena even in the US while the affluence of the US (vs the rest of the world) is a long standing fact. Most places on the planet where ordinary people don't have access to bank lending are extremely poor. Hilarious! Most places on the planet where people have never flown on an airplane are extremely poor. Does it follow that taking airplane rides made/makes/will make us rich? foh