Mish's Global Economic Trend Analysis 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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Vosilla who wrote (22751)	2/3/2005 9:01:25 AM
From: mishedlo	Read Replies (1) of 116555

Just look overseas for the possible answer. Isn't the yield curve already flat in UK and Australia with housing already falling yet the stock market is at a 2.5 year high in UK and all time high in Australia? Look for a major housing downturn in our coastal bubble areas and certain oversupplied property types to crash within many of those markets in US. Will it be enough to destroy money and credit (without a major backup in long rates and adjustment to stock P/E and real estate cap rates) and lead us into a depression? Highly doubtful from my perspective. What % downs do they require in OZ? Are they granting 125% mortgages in OZ or the UK? Is housing the only thing keeping the economy going in OZ? Are their credit standards anywhere close to as loose as ours? From my perspective you are wrong. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next