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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: gregor_us who wrote (7621)2/10/2004 10:50:22 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
I disagree
some locked-in capital inside houses has steadily been extracted
we still dont have goods price inflation

in order to bring about goods price inflation, we would need massive additional extraction which comes from actual sale, but without housing price declines
if enough comes out via direct sale, then the economy goes into recession
it all depends on how the extracted capital is used
as KRich (banker) said, it is largely going into imported goods

unfortunately, your evidence proves my point (KR point)
if you were correct, then we would already have goods price inflation
the fact that we do not means that dynamic does not produce the price inflation, as you claim

the REFI movement has only extended the import goods bubble
sorry, jim
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