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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (123588)5/17/2008 12:21:19 PM
From: John VosillaRead Replies (2) of 306849
 
Please...you late to the party the past six month dudes are funny...all you rant about day after day is what some of us were actually talking about and anticipating 2-3+ years ago..there are actually a few here who timed it right if you check it out..

I never said today was 2003 like you and Weaver imply (yeah I'm the dear in the headlight<g>) just that the stock market is reacting like it did in 2003 when all of SI was probably all doom and gloom..You guys are really cool contrary indicators just like stock market doom and gloomers in 2003 and real estate bubbleheads of 2005 and now the real estate doom and gloomers in mid 2008.

This is the new reflation cycle upon us perhaps even hyperinflation as Mike Johnson likes to call it and we were discussing as possible with depression bating fools like Mish 3+ years ago..it is the real threat/opportunity going forward..

Two clueless dudes on the 10am Fox show talking about the housing versus gas prices today were funny totally miss it too..housing prices don't move in the opposite direction of changes in disposable income due to gas prices over the cycle..the depression will be in new home construction as costs to replace skyrocket taking care of this current inventory crisis given some time..our leaders were way too late in saving the collateral of banks believing subprime was 'contained' 12-18 months ago
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