History shows again and again
how nature points up the folly of men
Godzilla
Blue Oyster Cult
If all of the 5 million Americans
who lost employment in the last 6 months were married
and 20% of those households stopped paying back debt
and drained credit line cash
how much debt are how many families about to default on?
If a home bought for $500K with $100 down becomes worth $300K
as payments become unsustainable
could many buy down while credit is still good
stop payments on house #1 after house #2 closes
and put up with bad credit but still have shelter?
If the credit card industry
slashes trillions of consumer credit-card and home equity lines of credit
totaling about half of available consumer liquidity
are living standards likely to rise or fall
for those who don’t step back from conformist thought
while many with collectively held erroneous assumptions fracture
succumb to deer in headlights incomprehension
compounding prior miscalculations?
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