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

To: patron_anejo_por_favor who wrote (41898)9/20/2005 2:34:15 PM
From: Canuck Dave  Read Replies (3) | Respond to of 110194
 
I broke my "No CNBC" rule last night and watched a little Cramer whilst channel flipping.

He was making the same case that money would be coming out of real estate and into stocks. He sidestepped the credit issue by saying people would be raising capital by selling second and third homes.

Given the fact that California real estate prices are still going up, the theory has to be given some validity. But of course if the Credit Crunch ever comes, then the paper asset shuffle theories becomes academic.

CD



To: patron_anejo_por_favor who wrote (41898)9/20/2005 2:44:47 PM
From: Tommaso  Respond to of 110194
 
Also, people who have a lot of equity in their houses are likely to be conservative (i.e.smart) people who do not want to speculate. I personally don't know anyone who is likely to take out a second mortgage to buy gold or to buy stocks at their current prices. Borrowing on real estate to buy equities was unheard of until we stepped into the loony bin of the new millenium.


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