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

To: UncleBigs who wrote (61673)	5/22/2006 11:18:58 PM
From: GST	Read Replies (1) \| Respond to of 110194

LOL -- you don't seem to get it bigs - the real estate bubble in Japan took on proportions that can scarcely be imagined. What is happening in the US is more like a little mini bubble compared to what happened in Japan. I did business with one company in Japan and the land underneath their headquarters in Tokyo was on their books at $5 billion -- just for the land. Land for a similar building in New York today might fetch a few hundred million dolars today The land value of Japan exceeded the land value of the rest of the planet by a very wide margin in 1990 -- nothing I see in the in the US today compares to their 1990 prices. It was not an overpriced market as we are seeing in the US today-- it was completely absolutely insane -- and then some.