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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 (61892)5/24/2006 2:26:54 PM
From: Jim McMannis  Respond to of 110194
 
RE:"This housing boom is bad for the state overall and good riddance to it"

But what do you do with the environment that was trashed in the process? That's gone for good.



To: GST who wrote (61892)5/24/2006 2:39:34 PM
From: ild  Read Replies (2) | Respond to of 110194
 
<<<A downturn in housing is healthy>>>

Monetizing gains in RE has been supporting the US consumer for many years. The money was borrowed and spent. Look at these charts.
idorfman.com
idorfman.com
idorfman.com

What's going to happen to the US economy as equity withdrawal dries out? IMO weakness will cause more weakness. Negative feedback loop as it was called by CR. Message 22470220

IMO the wash out will take ten years or more.

Dollar bubble you cited is another bubble which will be bursting along with other bubbles. I feel that after all the mess has been cleaned up it will be different America. So as Jay Chen would say it is TEOTWAWKI.