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

To: John Vosilla who wrote (61887)	5/24/2006 12:56:31 PM
From: Davy Crockett	Respond to of 110194

<<"But housing is not the central concern for the US economy">> The Aussies & Canucks have the same problem, & so do many other countries. Hangover from very low & historically unsustainable interest rates

To: John Vosilla who wrote (61887)	5/24/2006 1:36:51 PM
From: GST	Read Replies (2) \| Respond to of 110194

High housing costs are bad for Florida's economy. Look at the unemployment rate in Florida. This housing boom is bad for the state overall and good riddance to it. Arizona is also overbuilt and too many people are living there as it is. It is strange, but people on this thread seem to want to believe the world will end if a pile of people get smacked up inside the head for greedy speculation. The problem with the US is not primarily with housing -- housing is a symptom of a much bigger problem. A downturn in housing is healthy and can be accomplished. It is the impossible nature of our national finances that concerns me -- and for that there is no easy way out. The housing bubble can be corrected in a few years -- but our national finances are almost beyond repair.