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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (71238)10/6/2006 4:53:07 PM
From: Jack of All Trades  Read Replies (1) of 110194
 
I said I was looking for "asset deflation..." To me we are starting to see that in the northeast similar to what we had in the late 80s, where a condo once going for $125K could be bought at auction for $10K and they were begging people to take them.

This will probably go on for the next 6-9yrs.

JMO
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