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

To: GraceZ who wrote (51804)	1/27/2006 5:26:46 PM
From: Mike Johnston	Respond to of 110194

Never have i said that people are getting rich by trading houses. What i have said is that there are many people that believe they are getting rich that way. Sharply rising house prices are a sign of economic weakness , not economic strength as is being portrayed in certain media. My point is, a lot of income gains in the economy have come from activities related to housing markets. Since we agree that that there is a bubble, by definition it cannot continue to eternity, therefore those same income groups will suffer sharp drops in income. That is what i have been trying to say.