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Old 12-19-2008, 07:01 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
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Funny, I just saw that one a few minutes ago at another forum, HappyTexan. I've never heard of LEAP or this pubication though ..... $200 for 10 issues. Are they reputable?

Actually though it's pretty much what I've been saying about what's coming, except of course I don't pretend to know as many details!
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Old 12-19-2008, 07:13 PM
 
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Tune in to Dateline now, they are covering the mortgage crisis and evictions.
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Old 12-19-2008, 07:21 PM
 
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The Principal (school Admin?) who used her home to pay for her daughter's Ivy League education. She thought she had a 30 year fixed but she didn't.

I'm wondering if her daughter is helping her pay her mortgage. I got loans and paid for my own education. If my parents did help me and got in trouble, I'd do whatever it took to help them pay the money back.
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Old 12-19-2008, 07:26 PM
 
Location: Great State of Texas
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Quote:
Originally Posted by Woof View Post
Funny, I just saw that one a few minutes ago at another forum, HappyTexan. I've never heard of LEAP or this pubication though ..... $200 for 10 issues. Are they reputable?

Actually though it's pretty much what I've been saying about what's coming, except of course I don't pretend to know as many details!
I don't pay for subscriptions..I just read what is free, like Roubini's page.

Here's what they wrote in the summer 2008:
LEAP/E2020 Summer 2008 Alert – July-December 2008: The world plunges into the heart of the global systemic crisis

Here's what they wrote in December 2007:
Europe2020

It's a European publication..alternate news if you will. Seems the most realistic news these days do not originate in the US.

I've just started seeing these leap/e2020 links myself a few months ago.
Maybe we're just now getting in the loop with this..similar to Roubini in 2006 vs Roubini today.
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Old 12-19-2008, 07:55 PM
 
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I don't see this at all at this time.It is a completely different problem. The stock markets are really holdupin well and may have actually bottomed. The housing market is a mess but nothing near what happened in the great depression if they all went into foreclosure.The problem I see is paying for the money borrowed in the next decades to come with interest.That will be like a huge hangover.
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Old 12-20-2008, 12:13 AM
 
Location: Great State of Texas
86,068 posts, read 74,627,262 times
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Quote:
Originally Posted by texdav View Post
I don't see this at all at this time.It is a completely different problem. The stock markets are really holdupin well and may have actually bottomed. The housing market is a mess but nothing near what happened in the great depression if they all went into foreclosure.The problem I see is paying for the money borrowed in the next decades to come with interest.That will be like a huge hangover.
What about the increased layoff's currently happening ?
What about local governments starting to feel the crunch in their budgets ?

I guess I wouldn't worry too much yet about paying it back because the spigot is still flowing freely up in Washington. Corporate bailouts have just started with the automakers. Do you think it ends there ?
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