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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (141980)	8/20/2008 7:27:03 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

"A painful pruning of the dead wood from the economy has to take place." We are finally getting rid of a Shrub next January :o)

To: ChanceIs who wrote (141980)	8/20/2008 1:01:24 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

An old friend on SI, Heinz Blasnik used to comment on this same topic (how additional debt increases result in progressively smaller GDP increases once yer in Ponzi finance mode). Lots of debt trapping going on, and lots of debt created simply to refinance old obligations, not used to invest per se. And we're in the 3rd inning of this process as so much remains hidden beneath the surface (ie, in level 3 assets on balance sheets of US companies).