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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (14973)11/5/2004 8:06:16 PM
From: CalculatedRisk  Read Replies (1) of 116555
 
In microeconomics, we have the two pig postulates:

1) People want MORE.

2) And people want it NOW.

As long as people can find a way to satisfy these two desires, they will. How long can this last (refis on homes to maintain lifestyle)? I expected housing to slowdown this year (and refis with it) and lead to a general economic slowdown in 2005. We will see.

Isn't this the same question we were asking in '98 and '99 about the tech bubble? I rode that like a mad man, but with one eye always on the exit. This time I admit I missed the RE bubble (except for my existing holdings).
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