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

To: mishedlo who wrote (13619)	10/18/2004 7:06:18 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116555

RE:"There is close to zero % chance of avoiding a recession if housing falls off the cliff here." I thought that after the NASDAQ plunged 4 years ago. Money just shifted to Real Estate. The path of least resistance provided by low rates and tax advantages. RE:"The REAL Q is what will they do, if anything, in an attempt to keep the bubble going? Best guess: no one cares after the election." Maybe Fleck is right when he says the party that wins in Nov. won't be elected again for 20 years.