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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (124647)5/22/2008 8:34:52 AM
From: Think4YourselfRead Replies (1) of 306849
 
Three comments:

1. The market reaction was pretty predictable, and actually somewhat muted. I disagree with Mr. Sinclair, and believe the markets are actually resigned to the inevitable. They would like more cuts but aren't really expecting them. Money is practically free here anyways. The fed will be forced to raise rates very soon.

2. Houston, we have stagflation! The fed's mandate is far more oriented towards preventing inflation than propping up Wall Street. Paul Volcker proved that controlling inflation is the way out of the current mess.

3. If inflation gets out of control, EVERYONE is going to suffer, and not just in the US

If you talk to Mr. Sinclair, please tell him I wish he and his unicorns the best.
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