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


To: John Vosilla who wrote (88581)11/6/2007 10:26:08 PM
From: benwood  Respond to of 110194
 
I personally would rather use the term 'credit contraction' and not the other which I find a bit confusion, e.g. I want my own debt to deflate, which happens during general monetary inflation.

In any event, in the 99-00 timeframe, was there an actual credit contraction? I forget when the credit accelerated and grew into an epic bubble. I think the contraction in '00 was nothing compared to what's coming down the pike and so using the tech bubble popping won't give a clear picture.

Lots of housing losses are yet to be realized. Some will be with actual homeowners who had 25% equity, mostly down payment, and no have zero equity.



To: John Vosilla who wrote (88581)11/6/2007 11:22:54 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
who is taking a loss on the housing meltdown: most all of us obviously...take a peek at the dollar, take a peek at the cost of comodities..that hurts every one of us.
but you aint seen nothin yet. the real trouble is just begininng.