[Gorzaloon]

Combining a rise to 28% in Credit Card rates (This happens for any reason at all..Moon in Taurus, delayed credits and instant debits, or simply because the Card Co. feels like it) with Debt consolodation loans (Owned by the same companies who run the CC's), and add to this mix the new Bankruptcy Laws, we can expect things to get interesting.

In talkng about this the other day, it came up, "What good does it do if the CC card companies own someone's house in a declining RE Market?"

Well, it may not matter. They own the equity of a $200,000 house which is now worth $100,000. It's still a gain, and they are big enough to ride it out..

Now it is almost time for the Gold Bugs to begin to come out, and already I am seeing TV ads about "Owning gold".

If you own gold you do not hold, you own paper.

[NaughtiusMaximus]

IMHO, when you start to see gold ads everywhere you look, that means the "smart money" senses a peak and is dumping. When you notice that you haven't seen a gold ad for quite a while it means the opposite, there's a trough in the market and the "smart money" is accumulating against the next run up. Of course, the next run up may prove to be decades away.