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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (239322)2/25/2010 11:01:46 AM
From: LLCFRead Replies (1) of 306849
 
I think "banksters" (used to be one... he he) power is limited... evidenced by the fact that either scenario is against their long term interest, yet here we are... that said, they WILL trade ahead. :))

I've always been in the "Fed will buy skyscrapers if they have to" camp... but I'm not sure that will pan out given political climate. Hedging my bets.

Of course we could get both... major meltdown followed by fed buying skyscrapers, bwtfdik.

In any case, it seems to me we have more debt to incinerate (deflation) before hyperinflation could possibly take hold... so far the fed as been buying that, holding off deflation... can that continue is the question IMHO. That said, I find Prechters assumption that the Fed will EVER try and resell or collect on all that debt they have bought to be a bit polyannish. Those that claim the fed hasn't printed are in denial... the fed HAS MONITIZED (traded currency (printed) for paper) HUGE!! They gonna reverse that with the other shoe dropping??? Fat chance.

Get yer canned goods and guns... 40 million unemployed all have 'em, better have yours.

DAK
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