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

To: renovator who wrote (82339)	6/2/2007 1:43:42 PM
From: John Vosilla	Respond to of 110194

'Instead of a meltdown or even a suddenly cratering dollar it seems like we are just going to get a glacially slow constriction.' I used to think that would be the case. I never bought the argument that a housing/consumer bust takes us down a debt cleansing deflationary spiral by itself but Mike Johnson's hyperinflationary global boom seems to be where Goldman is destined to try to take us.. With all this added debt and misallocation of capital in many other areas now besides residential RE and with stock markets like China and Brazil quadrupling in a short period of time looks more and more like the suits at the control are really taking us towards another 1929 again. Amazing the parallel between 1924-27 and 2004-07.. I hope they stop this nonsense before it is too late..