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

To: Crimson Ghost who wrote (2020)	11/10/2003 10:37:25 PM
From: Andrew	Respond to of 110194

I was thinking average across North America, but you are right 50% is extreme, well see. Considering the level of foreclosures now a slight rise of FED rate to 2 or 3% could be catastrophic. Just think of all these houses up for sale with no buyers. I seem to recall 91 recession took real estate down about 20% in some parts and looking at the levels on the home mortgage borrowing and home equity charts I'd say the future isn't bright. If you can correlate the last two recessions with the first chart we haven't even had a recession yet. prudentbear.com prudentbear.com