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To: 4figureau who wrote (3596)3/5/2003 2:25:15 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 5423
 
a bubble exists wherever talk of a bubble persists

or more simply, a bubble exists wherever GreenScrotum continues to encourage investments to go

the real estate bubble will stall in next few months
this is part of the topping behavior
then comes the long period where it gives off gas
that will be the early decline stage
then finally is the period of uncertain length when it declines
that will be undeniable

far-reaching implications to the US Economy
refi's are continuing even now
but cashouts are slowing markedly from my sketchy info
I truly expect 2004 to focus on negative home equity
late buyers with little downpaymt will hurt first and fast
but those who unwisely withdrew sizeable equity in cash for spending insanity will also hurt quickly
neither will have their equity to draw on, and soon after the downlegs, they will sit on negative home equity

reminds me of old drug addiction recovery days back in late 1980's

WHEREVER ALCOHOLISM IS DEBATED, ALCOHOLISM EXISTS

otherwise, why is the topic raised ???
discussion is a clear early indicator of actual fact

/ jim