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


To: Tommaso who wrote (89112)11/23/2007 7:04:42 PM
From: John Vosilla  Read Replies (3) | Respond to of 110194
 
I think it feels more distorted because this impacts J6P directly. The RTC days along with commercial RE crash, Japan entering depression wasn't felt directly.. Recall Greenspan back then was an inflation hawk..today they are just the opposite getting bailed out to some extent by long term rates remaining low.. Imagine what would happen in the current climate with the 10 year at 7-7% and fixed rate mortgages at 9-10%?

Nice blog forwarded to me by someone else on this board..

dharmajoint.blogspot.com