Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (68833)	1/23/2007 4:50:27 AM
From: Maurice Winn	Read Replies (2) of 74559

Slag, that was your 999th post. You can claim a grub!! Re busts, I have been waiting for 2 years now for a housing bust in NZ and house prices just go on rising and NZ$ is back up to the highs too. Something has GOT to give. My guess is the NZ$ plunges and as refinancing of $billions of Japanese NZ$ loans are 7% are renegotiated, the Japanese bail out, leaving .... somebody .... holding the bag. My guess is Japanese housewives lose a hefty chunk on the exchange rate and the Kiwi house owners lose heftier lumps on their house price declines in NZ$. As usual, the banks make out like bandits. Mqurice

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