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

To: Elroy Jetson who wrote (80299)	3/24/2007 8:21:44 AM
From: orkrious	Read Replies (2) \| Respond to of 110194

Elroy, I just sent out your last three posts (and pogohere's response) to my email list. The subject of the email was four posts by geniuses who understand the depth of our problems. Thanks to both of you for sharing. The thread is back to its former quality.

To: Elroy Jetson who wrote (80299)	3/24/2007 11:13:52 AM
From: Crimson Ghost	Respond to of 110194

In Florida the GOP controlled legislature is moving to shore up the housing market by slashing or ending property taxes on homesteaders and hiking sales taxes to offset the lost revenue We could see average folks and snowbirds squeezed still more while luxury homes "worth" many millions pay little or nothing in taxes.

To: Elroy Jetson who wrote (80299)	3/24/2007 1:52:27 PM
From: Broward Horne	Read Replies (2) \| Respond to of 110194

Dang, it's nice to see someone else that's read some history. Virtually no one knows that the inflation rate during WW1 was 100% over a four-year period. The Feds are going to do a bond burnoff. That's essentially what they did in 1994-1995 to rebound the economy. The sharp reversal in interest rates shifted over $1 trillion from savers to borrowers. This time they'll do a burnoff in mortgages, running an inflation rate that exceeds the lowest mortgage rates. I'm thinking we need a shift of $4 to $5 trillion to regain short-term balance. There's a chunk of pensioners who are going to get shafted.