Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (77864)	4/17/2008 2:17:02 PM
From: Elroy Jetson	Read Replies (3) of 116555

Things are real bad in the building industry. They've been really bad for quite some time. As a person who closely follows Canadian commodities, you already knew that lumber prices have collapsed - yet you acted as if they were rising rapidly. The credit bubble has created a huge glut of buildings which will far exceed actual demand for many, many years. Supply and demand. That's why home prices are riding the downslope. After Japan's credit bubble collapsed, real estate prices have declined for 17 consecutive years! Oh yes there were a few strong pockets for the first few years, but that didn't last long. .

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