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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (37354)7/31/2005 12:03:40 PM
From: loantech  Read Replies (1) of 110194
 
1) Timing:
We are fighting enormous amounts of money that intend to keep this house of cards holding up in hurricane based winds and a fire at the base. Perhaps the reasoning is if it gets high enough , they can easily fight any drawdown later. Now since I have no FN idea who "they" is , and since I think that conspiracy theories in general are asinine, then I must be an ass. No matter whether I am an ass or not, money is pouring into malinvestments over the past few years at least as fast as they did in 2000. Only this time it is worse. People are consuming their only assets in belief that housing prices are a one way ticket up. I am furious that a combination of forces has allowed this to happen (FED, Congress, FNM, banks). I am not sure "allowed" is the right word. Planned debt slavery might be a better word.>>>>>>

Mish are you relating what Russ ignores (oil usage) to housing here?

I agree we will have a housing crash. How big I have no idea. My timing on this is always wrong. Always. You have no idea how foolish all of this is until you sit at my mortgage desk for a couple of months. <ng>

<98% of the people see inflation. 2% of us see deflation.>

If so then you will be right as the majority is usually if not always wrong.
tom
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