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

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To: John Vosilla who wrote (69835)	9/15/2006 1:31:17 PM
From: mishedlo	Read Replies (1) of 110194

I expect home prices to fall to 2000 levels if not lower. In some areas that may not mean much lower in other areas like California that will be devastating. Not sure we get to 20% unemployment. Perhaps something like 10-12% 2% long term treasuries? Unclear. 3.5% probably. How many years have I been calling this? 2-3 How many years has prechter been calling it 20+ Did I see credit standards drooping to the floor prolonging the housing bubble by at least 1.5 years if not more? No. I am not aware of anyone who expected that. Given that k-cycles might last 16-22 years or longer forgive me for being off by a few years. Do I expect to be a star out of this. No, even if I am right. Rents going up dramatically? I disagree. Steady rents. Possibly even lower. There are many condos that will have to be rented out, for whatever they can get. Perhaps a lot lower. We also have a huge oversupply of houses, perhaps those get rented out too. Mish

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