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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST

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To: Ilaine who wrote (27367)1/5/2008 2:52:16 PM
From: Maurice Winn  Read Replies (1) of 219654
 
TJ will be very disappointed if the economic collapse doesn't come as planned.

I suspect the other shoe has yet to drop and we'll see a resurgence as markets continue to clear and people invest for dividends rather than speculative gains and people live in housing which they can afford on a long term basis.

When US$ interest rates are going up and bales of bucks are not being tossed from helicopters by Big Ben, then I'll think we are through the mess.

It has now been two years since housing started going down. HOV, TOL, FNM, FMC only headed down in a serious way about 3 months ago and their price graphs don't have nice rounded bottoms in them yet, but are still in steep decline mode. Not that HOV has much further to go before it's at zero. There has been quite a lot of market clearing in those two years, with lots last year.

But unemployment rising could put another surge of people into their lawyers' offices to help dispose of their houses and debts.

As was found in Iraq, a lull doesn't mean it's over. The Americans surged and the opposition found itself back on the back foot.

Mqurice
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