SI
SI
discoversearch

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 : The Epic American Credit and Bond Bubble Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wyätt Gwyön who wrote (27289)2/26/2005 2:45:03 PM
From: John Vosilla  Read Replies (2) of 110194
 
another possibility, in a heavily rigged market like real estate where the bubble is actively supported by the government, is that they may move the goal posts, so that the nominal gains remain, even if they are backed out in real terms (i.e., dollar implosion swallows the real value of home price gains hook, line and sinker).

Bush sure is trying to move the goal posts as he keeps pushing this new ownership society to no end. That can only work if wages and rents move up dramatically without a big upward move in interest rates. Since he never owned a football team he will probably fail as even in a dollar implosion interest rates will skyrocket and housing has become as much a financial based asset as a tangible hard asset.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext