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


To: 10K a day who wrote (85165)8/16/2007 12:50:51 PM
From: benwood  Respond to of 110194
 
How about all the people who've purchased a major item in the past 18 months -- expensive electronics, hot tubs, furniture -- under a plan of buy now, make no payments for 12, 18, 24 or more months? With a downturn, they will *begin* making payments just when their discretionary income dries up. Bad mojo, methinks.