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


To: John Vosilla who wrote (36193)7/16/2005 10:49:57 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Japan does not have the growth in population and excess land to develop and continue growing that the USA has.

Supposedly LACK of excess land is what is driving prices in CA and FL. Thus that argument has been blown to bits.

As for immigration and population growth, I agree.
OTOH, the average person in Japan dod not have the debt we have.

All in all the deflation in the US is likely to be worse.

Mish



To: John Vosilla who wrote (36193)7/16/2005 10:51:53 PM
From: GST  Read Replies (1) | Respond to of 110194
 
One question: Is it possible that baby boomers, facing retirement without much to show for themselves beyond a well mortgaged house and a couple of hundred thousand in a 401 plan, would smell the coffee and start saving a far higher percentage of their income if housing proces dropped 20-30% -- a number that seems well within reason if this is the end of the current cycle.