Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LLCF who wrote (174617)	6/23/2002 3:59:43 AM
From: TheStockFairy	Read Replies (3) of 436258

This housing boom has lasted way longer than any rational person would have thought, that's why I think we are still way ahead of the downfall. <g> Downturns, IMO, happen for reasons that you usually can't predict (airplane attacks, for example), so I don't know what's going to tip the scales on the housing. Another IMO, I think that FNM holds the keys to the 2nd 1/3rd and the 3rd 1/3rd of the housing market collapse. I still think that FNM is going to get caught with it's positions (pants) down due to rising default rates on mortgates. They are going to have to start asking for potentially billions of dollars to make good on their guberment back securities. Once they start asking for money, people, whether Congress or private, will want to know why the taxpayers have to caugh up this cash. I don't know what's going to cause the first leg down. I thought it would have been rising unemployment, lower pay, loss of jobs overseas or rising consumer credit. Those elements, so far, have been bullish for the housing market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next