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

To: Mike Johnston who wrote (88017)10/27/2007 12:10:05 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
I totally agree with that post Mike except many in the middle class decimated by the housing crash are already in debt slavery..rising costs from the other factors seem trivial but are real to basic survival on the back side. Housing depression actually seems to be an additional driver to the real economy booming due to keeping a lid on interest rates, reported inflation and capital again being allocated to more productive uses again..Perhaps when housing recovers the economic boom turns to a stagflationary bust?



To: Mike Johnston who wrote (88017)10/27/2007 2:31:36 PM
From: pogohere  Read Replies (1) | Respond to of 110194
 
"The major pain is coming as people's savings, real wages, pensions, annuities and insurance policies are being wiped out."

Does this wipeout of what is essentially the middle class have a bearing on the price level? If consumption is 70% of the economy and the middle class has no boodle/credit and can't consume, what happens to prices?


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