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

To: mishedlo who wrote (14973)	11/5/2004 8:06:16 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

In microeconomics, we have the two pig postulates: 1) People want MORE. 2) And people want it NOW. As long as people can find a way to satisfy these two desires, they will. How long can this last (refis on homes to maintain lifestyle)? I expected housing to slowdown this year (and refis with it) and lead to a general economic slowdown in 2005. We will see. Isn't this the same question we were asking in '98 and '99 about the tech bubble? I rode that like a mad man, but with one eye always on the exit. This time I admit I missed the RE bubble (except for my existing holdings).