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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (17577)	2/20/2004 7:47:26 PM
From: patron_anejo_por_favor	Respond to of 306849

<<How can this "recovery" not be self-sustaining? Greenspan has assured he will not raise rates! <ggg>>> True...and if I'd only taken that class in motorcycle maintainence at U. of Apollo, I'd be workin' write now, instead of doing tequila shooters on the back porch of mah FNM-financed trailer home!<G> Needless to say, with "leaders" like BubbleBoy (AKA, "Al Leeson" AKA "John Law, Jr.", AKA "Alan Greenspan") this will all end very badly.....

To: Lizzie Tudor who wrote (17577)	2/20/2004 8:34:42 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

In my estimation, merely keeping rates low will not suffice. The bubble can be sustained only by continuing to lower rates. The Fed can lower short-term rates another 1% and they can in theory lower long term rates another 5.5% by bypassing the banking system and making home loans directly from the U.S. Treasury. And then what? Japan is leading the way, by following the advice of our Fed. Our Fed is in no way dissuaded from their faulty advice by it's failure in Japan. They are merely convinced that Japan didn't follow their advice quickly enough. Thus our Fed has been plunging ahead with their bubble sustaining plan at double-speed. We'll be in serious trouble in record time.