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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (2031)	7/13/2002 11:18:24 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

this RealEstate equation is extremely stubborn, but will bust I still hear of middle class folks hoping to lock in these low rates actually mortgage rates are still trickling downward the demand side will not weaken until either or both happen - many more layoffs - at least 1.5% rise in mortgage rates as price inflation sneaks in during the dead of night, interest rates will rise in a puzzling fashion soon and foreigners will help this along with some TBond selling this is the phenomenon that I await slowly rising rates will usher in two things: 1. mortgage rates will slowly rise, stemming value appreciation of RealEstate 2. corporate profits erode further, triggering layoffs the slow decline of RE will keep the recession ongoing and constant and will ensure continued USdollar decline for a couple years AT LEAST Richard Russell's words have stuck with me overnight he expects a full & complete liquidation process all things associated with debt will succumb including RealEstate my Daytona buddy has the best solution he is about to sell his townhouse, then buy gold stocks and move in with his girlfriend's townhouse her place has a pool way to go, CalvinMan dont delay, you big Donkey! / jim