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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 (37894)8/5/2005 2:00:09 PM
From: GST  Respond to of 110194
 
Got it. Thanks. BTW, the 300 sq. ft. "hotel room" that I turned down 2 weeks ago for $205 just showed up on Craig's list for $315k although it is not assignable and the original buyer most actually close in October before flipping it the next day -- meaning double the transaction costs on top of an absurd 50% bump up from an already ridiculously inflated price -- for part ownership in a very small hotel room that will be cash flow negative for as far as the eye can see. Insanity, extreme speculation, greed and high risk behavior is all around us. People are well-positioned for hyperinflation -- lets hope they don't get their wish.



To: russwinter who wrote (37894)8/5/2005 2:07:32 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Bingo, mortgage instrument rates are going to skyrocket in a housing Bust, unless the Wizards run the printing presses all out to monetize it.

I think credit spreads widen regardless of what the FED does or attempts to monetize.

Mish


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