Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John Vosilla who wrote (20002)	12/31/2004 10:41:50 AM
From: mishedlo	Read Replies (2) of 116555

We also will not begin to have a true cleansing of all the excess debt without a spike up in long term rates first. Why not? When housing goes it is all over and I do not care at what interest rate it starts. If you presume that it will take a big spike in rates to kill housing, I believe you are mistaken. Housing starts and new home sales are already showing the way. Housing dies and this whole economy dies. That is it in a nutshell. Tell me why it is mandatory for interest rates to spike to kill housing. I do not think you can. If you are waiting for the long end to get to 7% you will be waiting for something like forever. Not gonna happen IMO. Mish

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