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

To: Elroy Jetson who wrote (104356)	8/9/2009 5:26:21 PM
From: TH	1 Recommendation Read Replies (3) \| Respond to of 110194

EJ, I do not find that graph conclusive for establishing that Reagan was the root cause. That trend was in motion and accelerated as Reagan took the reins. His irresponsible supply-side voodoo greatly exacerbated the situation, but he did not create it. I'll say one contributing factor was the unlocking of mortgage debt into a new massive bond market of sliced and diced tranches of joe homeowner. Look to Eisenhower for recognition of the path we took and when. GT TH