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

To: Sawdusty who wrote (10558)	3/20/2004 5:39:15 PM
From: philv	Read Replies (1) \| Respond to of 110194

I agree and have said the same thing based on what I observed during the last real estate run-up. In fact, the higher the interest rates went, the greater panic to buy while the buyers could still "afford" it. When the crash finally came, only after very high interest rates of about 14%, it came suddenly and universally. This time around, who knows? Economic fundamentals are different, much worse as a matter of fact. History seldom repeats itself exactly.