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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (64097)6/19/2006 2:47:54 PM
From: Mike Johnston  Read Replies (2) of 110194
 
Back in 2001 i was convinced that already buoyant house prices would decline by 30% or more due to the collapse of the stock market bubble and $7 trillion of wealth destruction. Instead of declining 30% they have increased 200%.

The lesson is this, never underestimate the power and willingness of a central bank to debase the currency.

I remember back in August 2001, Doug Kass interview in Barron's predicting imminent collapse in house prices and recommendation to short homebuilders.
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