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

To: mishedlo who wrote (49904)	1/16/2006 4:30:23 PM
From: chainik	Respond to of 110194

It's in his latest update. <There's a significant chance that the long-term bull market in real estate and in the stocks of homebuilding companies will continue until at least the end of this decade, although a cyclical downturn probably began during the third quarter of last year>

To: mishedlo who wrote (49904)	1/16/2006 7:01:58 PM
From: organicgerry	Respond to of 110194

I have subscribed to Saville for several years and he has been consistently bullish on real estate. He feels that real estate values, denominated in U.S. dollars, will benefit from higher U.S. inflation. He does agree that, since the U.S. dollar is in a secular bear market, gold will be the better investment as it begins to appreciate against all currencies. Personally, I think the flaw in Saville's argument is that he does not consider that the current real estate bubble is based on interest-only adjustable-rate loans made to marginal borrowers. It seems like a house of cards to me.