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Strategies & Market Trends : The coming US dollar crisis

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To: $Mogul who wrote (2854)12/5/2007 6:17:00 PM
From: Real Man  Read Replies (2) of 71456
 
Jesus, that's all I hear now about housing. It's going up
nicely in our area, +6% this year. 50 is priced in. -g-
It took only 50 and
14% M3 growth for BOE to reignite their housing bubble, and
the European bubbles are actually worse than US bubble.
British bubble is the worst. Previously NAHB index bounced
from this area. Housing is just reflecting inflation.
Similar to other areas,
it will go up unless LT rates sky. That could happen. It has
to hit a bottom at some point -g- Folks in housing area are
jumping out of the windows of new homes now, this could be the
point, but of course the trend is your friend until it
changes, and the trend now is down. -g- And I don't really
believe in deflation. Not with
18% M3 growth. The Fed is working on reducing housing values
and deflating the housing bubble in real but not nominal
terms -g-

I would call housing at this point a recognized popped bubble
with 100% universal bearishness, which sometimes makes
a good case for a reversal. -g-
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