The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (67788)	12/1/2006 8:43:26 AM
From: Dan3	Read Replies (1) of 306849

Re: A weak dollar may be Americans' currency, but it is our trading partners' problem. A dynamic variation on "if you owe the bank $100,000 and can't pay, you have a problem, if you owe the bank $100,000,000 and can't pay, the bank has a problem." This was all going along well until the repubs started transferring so much wealth to the top ~2% of the population. The "consuming classes" are reaching the limits of what even companies like Providian will loan them and monetary velocity is at risk of slowing down as more currency falls into bonds that don't support real investment. If those re-patriated dollars don't get into the hands of people who can spend them, demand will slow, regardless. The FED's been dumping dollars back into the market, but all it's been doing is depressing lond term rates - you can't push with a string. newyorkfed.org

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