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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (51523)1/26/2006 10:57:10 AM
From: mishedlo  Read Replies (2) of 110194
 
There is no way bubble housing crashes hard in a declining interest rate environment to new lows unless our governments start doing the complete opposite of what they've been doing the past four years. If anything lower rates takes the ponzi scheme through another round of refis.

Another Week - Another 12 hour sale at Centex
globaleconomicanalysis.blogspot.com
Mish

You can't do a refi when you are underwater on your house.
You can't do a refi if credit standards rise.
You can't do a refi at a lower rate if your credit sucks.
You can't do a refi if you are out of a job.

Mish
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