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

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To: UncleBigs who wrote (56815)3/25/2006 1:59:35 PM
From: kris b  Read Replies (1) of 110194
 
"They aren't making anymore land. Real estate as a superior investment is deeply ingrained into the masses."

I don't blame them. It worked since FED and other CB's put printing presses into overdrive in 1983. That is 23 years of flooding the world with liquidity.

"Many people view their home as their retirement fund especially in California"

This is not just California. It is a world wide(just like RE bubble is global) phenomenon. My cousins in Sweden, Austria, Poland subscribe to the same believe. All my friends in Vancouver are going to retire on RE in the near future.

"It's really all in the Fed's hands."

UB, who is controlling credit creation in this country, FED or the market? If it is FED we don't have to fear anything because FED can engineer any landing they want. Prosperity forever.
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