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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: 2sigma who wrote (91162)10/4/2007 10:28:02 AM
From: Smiling BobRead Replies (2) of 306849
 
There are lots of references to how current conditions are not the same as they were during past market corrections.
We don't need to have or find similarities.

The dollar and rates at historical lows provide nothing positive for the market or economy relative to the current state. Globalization is a warm barn for bulls to lay. We're all interconnected. As we go, they will follow. We're already seeing them share in home price declines and the credit crunch.

This bridge's footings are in much worse shape than in the past, and is about to collapse with a thunderous boom. Just a matter of time before they're forced to come out with the truth.

Worldwide, banks are speaking with forked tongues as they make concerted and collective efforts to continually try to downplay credit concerns. They suffered from the actual fallout and felt the situation worsened when they talked too much about it. They, and the govt, are well aware of the power of the press. So now, they're hoping to reverse things by saying blue skies ahead. Banks and the economy are following the footsteps of HBs in many ways. I don't believe the banks or WS crooks anymore than I believed the HBs or their shills.
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