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

To: GST who wrote (61760)	5/24/2006 12:40:17 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

If everybody in the US bought a house at this year's prices I would agree. Check the number of homes sold -- deduct 25% for speculators and divide that into the number of households. It seems to me that it will take more like three years to wash away the fluff -- not ten. You are overlooking the same things you always do 1) falling wages 2) rising unemployment 3) debt burdens I suppose you could be calling for a complete deflationary collapse and debt repudiation via bankruptcies but I know that you are not. Mish