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

To: russwinter who wrote (33343)	5/26/2005 9:14:16 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

The Las Vegas web site that has a search function for homes reduced in price the last seven days has reposted the results. It reports that out of 16,346 total MLS listings, 1,133 have had prices cut in the last week. That's 6.9%. wow. when does bad news matter?

To: russwinter who wrote (33343)	5/26/2005 10:02:32 PM
From: Wyätt Gwyön	Respond to of 110194

first comes the sales-volume dropoff, then prices to follow. with the housing bubble accounting for 43% of post-recession job growth, the popping of the bubble will not only have all the consequences of asset deflation, but will itself be a headwind on the employment and income fronts. declining sales volumes begetting job and income losses begetting declining prices, lather, rinse, repeat: a truly vicious feedback mechanism could be in the works. the only question is, will the aftermath be worse than the tech crash.