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


To: sea_biscuit who wrote (50501)5/3/2006 8:03:44 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 116555
 
Fed Bennie has been raising rates, and will likley continue raising rates, no matter what the Prozac swilling euphorians in the NYSE and CME pits seem to think. He has to, if he stops now, the dollar is doomed, gold goes to a thou, and crude to a c-note.



To: sea_biscuit who wrote (50501)5/3/2006 10:22:23 PM
From: TobagoJack  Respond to of 116555
 
<<Is our housing bubble in some ways, worse than the one in Oz>>

... yes, perhaps, due to ...

- cashout refinancing
- zero down
- no documentation
- i/o and/or reverse amortization loans / interest reset
- babyboomer must soon sell
- fed / state / city / town budget deficits
- weakening currency scaring off wannabe offshore buyers