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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (50403)5/2/2006 12:19:03 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
Mish:

Housing will not bust until the credit bubble does.

Some weakness sure but the wholesale massacre you expect simply will not happen until and unless global liquidity is severely constrained IMHO.

I saw a headline yesterday that British home prices just posted the strongest gain in 2 years -- apparantly starting to recover from their modest shakeout.

I see no reason why the US housing downturn should be much worse than Britain or Australia as long as the liquidity spigot is going full blast.



To: mishedlo who wrote (50403)5/2/2006 2:48:41 PM
From: shades  Respond to of 116555
 
Can jobs hold up without housing?

I thought it was clear that many people are ready to send the latinos home after they have done all the work we need them for.

Many told me they were sending money home to go back home after they have been here a few years - but I guess those wegmans work on you after awhile because I see many that don't want to go back home even though that was thier original plan.


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