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


To: TH who wrote (92091)3/9/2008 7:06:25 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 110194
 
the bottom line here is WHO wants to borrow at ANY interest rate, no matter how low, to purchase what is a declining asset?

asset prices MUST reset (discount) sufficiently BEFORE there will be any real buying interest...

the gov't, the fed, and all the kings horses and men will not be able to backstop the current valuations. end. of. story.