John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: robert b furman who wrote (13496)	1/18/2013 3:11:51 PM
From: Augustus Gloop	Read Replies (2) of 33421

I've had a worry about housing in the back of my mind. Banks have been writing down notes (debt forgiveness) to create a new 20% point (based on todays value) on houses they were about to foreclose on. I'd like to think that's a good faith effort to stabilize housing after some rather shady lending practices. But the conspiracy side of me is wondering if they aren't doing this because they KNOW we've got another round of housing depreciation coming. Maybe I'm too skeptical but if you read between the lines of what Pitera is saying.......it could happen very easily. I mean really.....what if housing prices didn't stop at say 2002 prices and kept sliding to 1992 prices. Depressing thought....and this less than 7 days after My Packers got their butts kicked Anyone have a lithium drip I can borrow?

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