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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (87965)10/26/2007 1:43:35 PM
From: John Vosilla  Read Replies (2) of 110194
 
Most housing bears seem to expect deflation, consumer collapse and a serious recession. Just look at the cheerleaders on Ben Jones Housing bubble blog..you'd think this was 1931<g>

thehousingbubbleblog.com

I think where most are so wrong is the macro stuff outside of just housing we talk about constantly for the past 12-18 months.. They think they are being bailed out by holding on to cash and being thrifty savers. Yeah it worked with housing for this short period cause it was the mother of all bubbles in the credit market,excess speculation, oversupply ect sucked in a whole generation of believers in some new demographic trends that aren't new at all<g>.. But this will end in a couple of years too.. Leveraged RE bought dirt cheap with low cost of capital is as safe as it gets for the average Joe to protect himself long term from currency debasement..
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