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

To: Crimson Ghost who wrote (34573)	7/30/2005 11:59:43 AM
From: Tommaso	Read Replies (1) \| Respond to of 116555

>>>But we have NEVER had a real estate bubble like the current one that is national in scope and based on absurdly low rates and the near total collapse of prudent lending standards. This is a whole order of magnitide greater than anything we have seem over the past 50 years.<<< Yes, of course. I am just explaining one of the reasons why this bubble is possible. I agree with Shiller that a 50% decline is possible for prices of many recently purchased houses.