Mish's Global Economic Trend Analysis Message Board

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

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To: mishedlo who wrote (36886)	9/11/2005 5:36:35 PM
From: Crimson Ghost	Read Replies (3) of 116555

Steve Saville now opines that housing bubble may last several more years, with nothing more than a modest correction in some of the grossest bubble markets on tap for 2006. As you know I have long felt that a major correction in home prices will not happen until mortgage rates move considerably higher. Saville now seems to agree. If you are correct that long rates will drop even lower then housing speculation may ramp up even more in 2007 and 2008 IMHO.

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