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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Elizabeth Andrews who wrote (10528)3/20/2004 12:01:12 PM
From: Steve Lokness  Read Replies (2) of 110194
 
Elizabeth:

<<This is a fundamental change in the market that will persist for a long time.>>

But there is huge demand from the housing sector! Not only does housing remain astonishingly strong, but the size of the houses continues to increase. Why do parents with children gone need a 5 thousand foot home? These houses are not homes they are trophies.

In recessions in the past it was often housing which pulled us out as interest rates declined. This time interest rates remained low and consequently housing strong all through the recession. If housing crashes and this then pulls the plug from those spending their home equity on WalMart crap and SUV's - what happens to our economy AND what happens to the demand for commodities?

steve
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