On Jun 19, 2006, at 1:02 PM, Julio Huato wrote:
> But the hostages of
> high rates and a strong dollar are not just average manufacturers, or
> regular folks with mortgages and maxed out credit cards. It's also
> the federal government, the guy with the money printer.
Oh yeah, something that has grown is the debt of quasi-gov't entities like Fannie Mae and Freddie Mac. Their debts are big, but nothing that a few repossessions and reschedulings couldn't deal with.
Doug