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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (286)7/25/2003 10:24:09 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
If you read my post here, you will see that I am not a deflationist, far from it.
Message 19145526

However, this pertains to certain neglected sectors of the WORLD economy, not to the areas that have been hyper-goosed with manipulation and credit creation. I expect major deflation in consumer and finance especially in America. And that would definitely include real estate. Be prepared to pay more for your food and fuel, and the things you need to survive (essentials) and to get less for assets and toys bought on credit.



To: Little Joe who wrote (286)7/25/2003 11:53:17 AM
From: LLCF  Read Replies (1) | Respond to of 110194
 
< But if you read what he says closely, he does not say that real estate prices will fall to 10% of today's prices, but 10% of the high prices.>

So they have a few % less to fall than a year ago, or are you saying they'll only fall "10%"? I think he imply's much worse:

<"After home prices go down to one-tenth of the highest price homeowners paid, then buy.">

DAK


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