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


To: clochard who wrote (109229)10/18/2010 6:16:08 PM
From: Little Joe  Read Replies (1) | Respond to of 110194
 
I dont think that is where we are headed and that would not be enough anyway. If the price of housing falls to its true value trillions of dollars of debt will have to be written off. This will not expand the economy, at least until a vicious bottom is hit.

lj