tag:blogger.com,1999:blog-1207581886255094115.post5749047028008022245..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: One Question Has All the AnswersEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1207581886255094115.post-89596144333906841252008-10-07T17:05:00.000-04:002008-10-07T17:05:00.000-04:00And that was for August!!!And that was for August!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-68737610321227271982008-10-07T17:03:00.000-04:002008-10-07T17:03:00.000-04:00Put your seatbelts on we're coming in hot!!!U.S. C...Put your seatbelts on we're coming in hot!!!<BR/><BR/>U.S. Consumer Credit Dropped by the Most on Record (Update1) <BR/><BR/>By Vincent Del Giudice<BR/><BR/>Oct. 7 (Bloomberg) -- Borrowing by U.S. consumers unexpectedly fell in August by the most on record as banks shut off access to loans, a report from the Federal Reserve showed. <BR/><BR/>http://tinyurl.com/4vnzk5Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-32441919981166009952008-10-07T10:57:00.000-04:002008-10-07T10:57:00.000-04:00GYSC"How can the default of only 5% of all existin...GYSC<BR/><BR/>"How can the default of only 5% of all existing mortgages cause so much damage?"<BR/><BR/>I'll take a stab at it. The main reason was the lack of any other sector of the economy to take on more debt. With the dollar being backed only by debt as more debt is taken on the debasement causes asset prices to rise which are used as collateral to take on more debt, once the inability of any place in the chain, consumers, business, or even government to take and have the ability to service the debt the process goes into reverse which is what we are seeing now. The problem is the debt which cause the illusion of wealth. <BR/><BR/>Managed to hold my own yesterday in all the mayhem, we're about half way to the dark side IMHOP<BR/>KevinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-16507467685956909042008-10-06T22:26:00.000-04:002008-10-06T22:26:00.000-04:00You'll need to watch out for Mr. Bill because he i...You'll need to watch out for Mr. Bill because he is one tricky SOB!<BR/>:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-76846510278746134562008-10-06T20:24:00.000-04:002008-10-06T20:24:00.000-04:00@ GYSCIt looks like you may be getting closer to t...@ GYSC<BR/>It looks like you may be getting closer to that steel cage match with Mr. Bill because I'm starting to see "Thunderdome" on the horizon.<BR/><BR/>Oh, Nooooo! Mr. Bill!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-131336313857082142008-10-06T20:13:00.000-04:002008-10-06T20:13:00.000-04:00Hey all,Found this on Market News tonight:http://t...Hey all,<BR/><BR/>Found this on Market News tonight:<BR/><BR/>http://tinyurl.com/4qznku<BR/><BR/>http://tinyurl.com/4znp2h<BR/><BR/>Nice...<BR/><BR/>G<BR/><BR/>PS: Wish I knew someone important to hand me the task of 700 billion making its way back into my former employers greasy hands.Anonymousnoreply@blogger.com