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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (77845)4/17/2008 1:46:47 PM
From: Elroy Jetson  Read Replies (1) of 116555
 
I think so long as you don't want to build a copper house with gold floors you'll find that home building costs have declined by roughly 50%.

There is a sea of credit creation, but this can reverse as quickly as it arrived. Worse still, this sea of credit creation will merely push up mortgage rates.
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