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

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To: mishedlo who wrote (50403)5/2/2006 12:19:03 PM
From: Crimson Ghost  Read Replies (1) of 116555
 
Mish:

Housing will not bust until the credit bubble does.

Some weakness sure but the wholesale massacre you expect simply will not happen until and unless global liquidity is severely constrained IMHO.

I saw a headline yesterday that British home prices just posted the strongest gain in 2 years -- apparantly starting to recover from their modest shakeout.

I see no reason why the US housing downturn should be much worse than Britain or Australia as long as the liquidity spigot is going full blast.
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