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

To: Moominoid who wrote (30265)	4/28/2005 12:24:05 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

I see no reason why the Fed shouldn't continue to restrict credit growth until rates are back to up to a more neutral rate like 5.5%. Trying to use lower interest rates to further delay the long overdue recession and de-leveraging only leads to the dead-end Japan has endured for the past 15 years. Time for America to take its medicine. .

To: Moominoid who wrote (30265)	4/28/2005 12:17:27 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

Some people here seem to forget monetary policy doesn't revolve around this coastal housing bubble which has gone on to incredible heights. Fact is the overall real economy is really hurting. Tech, manufacturing, autos, airlines are hinting at stagflationary depression with rising costs and no pricing power. As for housing you we already have record foreclosure levels already in many areas of flyover country. I think the coastal housing markets will have their big fall regardless of what the fed does it's just a question of when and how we get there.