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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 (62598)	6/3/2006 12:37:22 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

"That is the difference between the housing bubble and the dollar bubble -- the former is a very big headache while the latter is a malignant tumor." I agree with that from a macro perspective. The housing bubble took several forms however. Look for the combination of overvaluation, overbuilding with too much speculation and local economies way too tied to housing and perhaps some external trigger (hurricanes) to force a quicker change in the mindset of the masses. Look no further than Florida the next 6-12 months for that blueprint where many MSA's currently have unemployment rates still below 3% yet housing is now in a freefall. If Mish is right we see it happen down here sooner than other places. Personally I do expect much of what he is predicting in certain areas like FL and AZ.