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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (8677)	7/6/2004 12:41:39 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

This post is for KT unless he was eaten by a bear while I was gone dailyreckoning.com Thus we have a housing bubble. It is a cascading tragedy of people using funds that are not theirs, to "purchase" real estate that they cannot afford, obligating themselves to make payments that will stretch their incomes and constrain their lives. At the same time, we have landlords making unprecedented allowances to find solvent tenants. This simply cannot reflect a healthy economy.