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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Pogeu Mahone who wrote (90161)1/5/2008 7:10:15 PM
From: sea_biscuit  Read Replies (1) of 110194
 
Peter Schiff (who had his clients shorting subprime mortgages at a time when the nation was going ga-ga over the housing bubble) has said that nationwide, the declines could be 30% or more and in some areas, housing prices could collapse by 50% or more.

In short, according to Schiff, we are still in the very early days of the housing bubble collapse.
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