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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (352)	8/10/2007 2:04:02 AM
From: JF Quinnelly	Read Replies (1) \| Respond to of 621

Mq, the home loan bubble here in the US involves some truly big numbers, and loans in CA made after 2003 have a good chance of simply vanishing into a Black Hole, taking the lucky stiffs who hold the paper with them. It looks like a good engine for making money disappear, something we deflation watchers have been waiting for. Seeing large sums of their money vanish appears to be a sobering experience for the brave lenders who shovelled money to deadbeats, and they may not be eager to do so again. So Helicopter Ben may cut rates and offer lots of cheap loot to banks and they might just say "no way, dude. We aren't lending nothing to nobody." It's the old pushing on a string problem. Fq