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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 (44017)10/23/2005 3:28:15 PM
From: Ramsey Su  Respond to of 110194
 
mpcondos.com
ruthpugh.com

Display ads from these two outfits caught my attention today. These condos/conversions in less than top areas do not appear to be moving all that well.

What about all the conversions in the pipeline right now?



To: russwinter who wrote (44017)10/24/2005 10:54:45 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
Bush The Lesser soon to name Greenspasm successor at 1pm

my guess is Ben Bernanke
some concerns
first, BB is not the best person for the job
the best might not reside in the USA, probably more like Europe
the markets will want to feel confidence right away with the new guy
if insufficient confidence, then we might get too many extra rate hikes just to instill that missing confidence and to provide a proper stronger support for the USDollar
Greeny has been an inflationist engineer extraordinaire
he has also been a steadfast killer of the economy from excessive rate hikes in tightening cycles, which have gone too far each time
few seem to recall he hiked twice more AFTER the March2000 stock bust, all the way to 6.5% like a madcap scientist out of control

my guess is that Bernanke will provide the best continuation of confidence
he is a former Princeton Univ Economics Dept chairman
that dont make him qualified, but rather trustworthy by markets
his comments on helicopter household cash drops are insane
but they would best support the inflation positions, like with the gold price

Bushy will not name anyone who is a stranger to the financial markets
the new guy will surely be one who embraces all false economic statistics, all foundations of debt to grease the economy, all nonsense about calling debt liquidity, calling a currency sound despite bankruptcy, and more mainstream heretical notions

I believe Bernanke has been groomed for the post
he will be the greatest inflation engineer in history
Ben would be perfect to execute the Weimar Inflation chapter in the United States
he has been groomed in the last several months
it seemed to me that Ben has been given some more polish and apprenticeship
my sources say that Greenman has wanted Bernanke to succeed him

it will be interesting if Bushy picks a former White House Council head, like Feldstein or Hubbard
it will also be interesting to see if the new guy is jewish
the main rub on Bernanke is his pure academic background, little financial market experience
he has been called "unseasoned in Wall Street matters"

one thing you can be certain of.....
the successor to Greenscheiss will continue to destroy the US Economy
most candidates talk tough on fighting inflation
but when you get down to policy and belief, they are all deeply committed to inflation

WITHOUT INFLATION, THE US ECONOMY HAS NO POWER OR IMPETUS

/ jim



To: russwinter who wrote (44017)10/24/2005 5:18:13 PM
From: Zincman  Read Replies (3) | Respond to of 110194
 
Russ:
I recently watched a CNN special on R/E in the US. They listed the the top 5, all time, % declines in US R/E history.

Houston, Dallas, (Oil recession ) So Cal (defense spending cut backs) North East (stock market crash 87) Fla (???)

What surprised me was how little decline actually occurred. I believe the highest % decline was only 20%. The rest were between 11 and 20.

Given the fact that some top cites are still posting double digit YOY appreciations, and many, many are posting strong single digit increases, I am beginning to wonder if selective R/E might be a very good investment at this time.

Do you believe CNN's numbers to be accurate? If so, what % declines do you foresee in the US RE market.

TIA,
ZM