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

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To: patron_anejo_por_favor who wrote (41898)9/20/2005 2:34:15 PM
From: Canuck Dave  Read Replies (3) of 110194
 
I broke my "No CNBC" rule last night and watched a little Cramer whilst channel flipping.

He was making the same case that money would be coming out of real estate and into stocks. He sidestepped the credit issue by saying people would be raising capital by selling second and third homes.

Given the fact that California real estate prices are still going up, the theory has to be given some validity. But of course if the Credit Crunch ever comes, then the paper asset shuffle theories becomes academic.

CD
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