The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (29731)	3/31/2005 12:55:27 AM
From: John Vosilla	Read Replies (1) of 110194

Unfortunately, the REAL Tsunami Wave of Foreclosures has not even started. Rising property values in California, Florida and other places have kept (for now) the consumer buoyant It seems pretty obvious to me by now the only thing stopping new foreclosures from skyrocketing everywhere is continued home appreciation. Or does anyone have evidence of much higher new foreclosure filings in any of the bubble markets that are still appreciating. Mish, in Florida today I did some spot checking and still see very low new foreclosure filings. Broward County (almost 2M people) foreclosures down 25% year to date from 2002 top. Bubble mania still in bloom here.

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