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

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To: Wyätt Gwyön who wrote (37599)8/2/2005 6:47:13 PM
From: No Mo Mo  Read Replies (1) of 110194
 
"...85-90% real-price drop for the most extreme markets should not be unreasonable as the current bubble unravels.

Nothing seems out of the realm of possibilities given a long enough time horizon, say 5-15 years. A long, slow grind that feeds on itself will eviscerate home prices, then consumer spending then jobs which will further gut home prices and so on and so forth.

Rinse, wash, repeat. Also a common refrain on SI a couple years back.
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