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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (26732)12/22/2007 11:27:02 PM
From: carranza2  Read Replies (2) of 217591
 
There has been so much noise, drama, hissing and roaring about the coming collapse for a couple of years now that you'd think most people were clearing the decks and positioning to benefit from the crunch. Plenty have obviously not done so as shown by the continuing disclosures and crunches and refinancings by overseas buyers.

Mq, I have believed that US real estate has been in bubble mode for years. I don't think many had any idea that the bursting of the bubble would have had the effect on credit markets which it has had.

Bubbles burst with regularity but rarely do they inflict the collateral damage that the bursting of this one has.

The bursting and the difficulties it has brought with it comes at a difficult time for the US. The oil producers thanks to high prices and China thanks to an enormous trade surplus now have the resources to go shopping for premier US and foreign companies and natural resources around the globe.
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