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

To: benwood who wrote (86279)	9/14/2007 8:08:13 AM
From: 10K a day	Respond to of 110194

>> Bush actually has a legitimate shot at doubling the deficit during his two terms. Not bad << Bush could care less about that stuff. Bush made 14 million by investing 106K in the Texas rangers (borrowed 100K of it). and helping the team take land by eminent domain to build texas stadium. Bush's idea of 'leveraged financing' comes from that...

To: benwood who wrote (86279)	9/14/2007 8:13:28 AM
From: Yulya	Respond to of 110194

As of the end of the second quarter of 2006 total outstanding household debt was $12.3 trillion. Household debt has increased by almost as much since 1999 as the sum total of all debt accumulated by all households across the preceding 220-year history of the US. In 1999, household mortgage debt stood at $4.4 trillion. At the close of the second quarter of 2006 it had more than doubled to $9.33trillion. In 1999, consumer credit outstanding was measured at $1.6 trillion. The last six years have hosted the most stupendous extraction of inflated household wealth in history. Across the 22 quarters from 2000 through the second quarter of 2006 disposable personal income increased by $2.3 trillion. However, disposable personal income as a percentage of household net worth fell. Rising house values contributed more than personal income increases largely derived from these rising house values. atimes.com