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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John Carragher who wrote (67185)	8/5/2007 5:34:08 PM
From: mishedlo	Read Replies (1) of 116555

Hell Fights Back globaleconomicanalysis.blogspot.com Homebuilders built houses from hell. Now it's payback time. Numerous websites have sprung up talking about significant quality issues. The cover of Newsweek is talking about "the bonfire of builders". Beazer declares a dividend in desperation but the stock plunges in response. Lawsuits are flying. Bankruptcy is soon going to be an attractive way for homebuilders to escape their moral obligations to buyers to deliver a quality product. Mish

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