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

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To: GST who wrote (91821)3/4/2008 12:04:15 PM
From: John Vosilla  Read Replies (4) of 110194
 
'What happens when the US dollar drops another 30 or 40% against major currencies? Deflation my a$$.'

And you agree with the deflationists that home prices continue going down long term in this scenario even with our twin defecits, MZ 15%+ growth,Chindia ect? Sorry makes no sense to me long term unless real estate has taken on the characteristics of a paper asset. It was artificially inflated during the bubble from excess credit and acted like a paper asset to some degree but that is now ending.. Seems like property now in much of the US is way undervalued in relative terms compared to much of Europe, Argentina, Brazil ect.. Something sure has to give and these are confusing times..
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