The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (159976)	10/25/2008 11:55:04 AM
From: ChanceIs	Read Replies (2) of 306849

>>>This action by CALPERS.....<<< Isn't it amazing!?!?! If you are a California public employee, you are in a heap of hurt. California in general is in a heap of hurt. Do you suppose that the Paulson crew has a handle on how many retirement funds have large real estate exposure?? We all know that they have large stock exposure. I am just wondering if Paulson is sitting there taking phone call after phone call from retirement fund managers stating that they are 50% in real estate and can't sell it. The government keeps saying that we have to stabilize real estate prices. A little extra motivation. Talk about signs of excess - love that punch bowl. A retirement fund getting the equivalent of a margin call!?!?!?!?! How many others are in that position? Its unthinkable really. The article doesn't discuss the increasing number of boomers who will be starting to take withdraws from those funds. Do you think that there will be any early retirement packages being offered soon??? Everything is in maximum positive feedback mode. And the gain is turned up all the way with all of the leverage. I posted Chris Martenson's "Short Course" yesterday. He thinks that the world will end in fire....inflation. Roubini just coined the word "destagflation." (Think I have that right.) This is where we have no growth but deflation.....ice. Good arguments for both. The government is printing like there is no tomorrow. First buying banks. Now credit card companies....COF went to the trough yesterday. We see another insurance company on the bandwagon this AM. I am going to see Roubini in person this Thursday at an AEI conference. Should be a nice ease into Halloween.

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