SkyDekker 1,465 #26 July 12, 2007 QuoteI don't think you have to wait. Not so much the foreclosures that I was refrring too. More the distinct possibility of several financial institution collapsing. Quote Share this post Link to post Share on other sites
kelpdiver 2 #27 July 12, 2007 QuoteAgreed - but the comments here have to do with the bogus claims in the "speech", not with reality. Reality is that we are living in apparent prosperity based on massive debt (not only in housing, also in the equity markets). Clarify that. The market has been moving along the past couple years because earnings grew well above normal. That is thanks to a dominant position on labor (people were content for any salary and tech salaries still haven't caught up to the peak), fed rates as low as 1%, general inflationary tendencies, share buybacks, and a larger than typical level of private equity reducing the supply Though hedge funds continue to leverage, I don't see anyone borrowing from their credit card to buy stocks like in the 90s. And while consumer spending is propped up by home equity debt in the US, the market now gets a pretty healthy share of its profits overseas. Quote Share this post Link to post Share on other sites
