Thread: Porsche bubble?
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sammygon1 sammygon1 is offline
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Join Date: Jul 2003
Location: Albuquerque, New Mexico
Posts: 374
It is my belief that we're all in store for a big Sunday-morning hangover, when interest rates increase (as they will as the value of the dollar declines in the future due to our trade and budget imbalances), and everyone's cheap mortgage turns into a huge monthly bill. At that moment in time, all of a sudden, the Porsche, Ferrari, or Muscle car that was bought with money borrowed against real estate will be the first to go.

Bottomline, look for the market to encounter a downturn just ahead of the real estate market...

-Wayne [/B][/QUOTE]

It's caled a devaluation, the money in your pocket/bank account is suddenly worth a tenth of what it was yet your debt stays the same. How long till this happens? Well at a billion dollars a day for the war effort and China stocking up on American war bonds, my guess is pretty soon.
-Debby Downer
Sam Gonzales
'69 912 2.0 -6 power
Old 03-07-2006, 02:19 AM
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