To: arete
Agreed. Which would suggest that when it does finally tank it will be very nasty indeed. Kind of like having a potentially fatal disease, and instead of treating it right away you cover the symptoms with pain medication. Eventually the problem becomes much worse.
This is one of those deals where I hope I'm wrong but I fear I'm right.
9 posted on
04/20/2003 6:23:34 PM PDT by
Billy_bob_bob
("He who will not reason is a bigot;He who cannot is a fool;He who dares not is a slave." W. Drummond)
To: Billy_bob_bob
What if "Made in America" became important for national security. Could a boycott of Chinese products bring manufacturing, along with good paying jobs, back to the USA?
10 posted on
04/20/2003 6:41:19 PM PDT by
marbren
To: Billy_bob_bob; arete
" Which would suggest that when it does finally tank it will be very nasty indeed."
.....yes, and my hunch is that the triggering event will be a rate cut....we've had 12 already with lack luster results.....the Fed is running out of ammo and if they keep cutting eventually people will say "nothings working....I'm getting out while I still can"....IMHO that's when the stampede will begin....I expect it will be much worse than the great Depression for 2 reasons....a)people didn't have big debt back then...b)about 40% of the population lived on farms so they could make do to some degree.
Like you Billy Bob, I hope I'm wrong about this
Good luck to everyone!
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