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


To: valueminded who wrote (34807)8/3/2005 3:29:25 PM
From: regli  Read Replies (1) | Respond to of 116555
 
> think a minimum decline of 50% as an expectation in all areas is nuts. <

I want to clarify that I meant a 50% decline in real terms (i.e. inflation adjusted).

However, I stick to my prediction as I believe that the common economic storm and associated credit contraction will devastate the RE market like we haven't seen in generations.