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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (61665)5/22/2006 9:55:06 PM
From: GST  Read Replies (3) of 110194
 
<yes real estate is stretched in the u.s. way beyond that in japan>

Evidently you were not in Japan in 1990. If sold as real estate, the land value alone of the imperial palace in Tokyo was worth more than the state of California. People, like you, who make these comparisons often seem to have no idea what they are talking about. The head offices of major Japanese companies were valued at billions of dollars and then used as collateral to borrow more money at 0% interest. Have fun here on the thread, but don't make silly comparisons to Japan in 1990 -- it just makes you look silly.
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