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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: orkrious who wrote (67472)11/29/2006 12:25:25 AM
From: mishedloRead Replies (3) of 306849
 
Outstanding piece, Mish.

Not many people get it. They think rising prices mean there's inflation.

What there is is rising prices of things everyone needs and declining prices of assets and things that went up in price because of the credit bubble.

The bursting of the housing/credit bubble is going to cause a world of pain. Call it inflation, deflation, or stagflation, the people leveraged and in debt are in deep shit. The fallout will affect just about everyone else

Thanks ORK
In reality all I did was get the word out
I sent that to Minyanville tonight but told them to credit Barry.

Yes, the fallout is seriously underrated. And I congratulate you and Patron and other shorts on this board for doing well in spite of these liquidity ramps. Better times are coming ahead.

BTW - I seem to recall being taunted by those Black Friday numbers right here on this board. I bit my lip waiting for data.

Now I am told that deflation will NEVER happen even as housing is falling apart and the long bond AND housing starts are calling for a recession. Both have a near perfect track record in isolation but "It's different this time" because interest rates are "low".

I also have a money supply chart I will post soon calling for the same thing. That undoubtedly is different too. All these people that think "It's different this time" should be buying real estate and homebuilder stocks like mad because the dollar is headed to zero and inflation to infinity.

Mish
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