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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (59259)	8/6/2006 9:48:39 PM
From: GST	Read Replies (2) \| Respond to of 306849

<Your understanding of my views> I did not mention you -- but I am not surprised that you include yourself in the "doomsday" crowd. The implosion of housing will have an impact on the US economy and on the global economy, but the impact will be muted because it is one of many factors in the economy, with globalization now more important in itself than the factors affecting the US economy in isolation. Because of its limited impact, the cost of most things that people buy in international markets will go up in the US, the dollar will falter on international markets as the giant sucking sound of the US economy starts to choke on its own excess, and interest rates that are now predominantly set on international markets will climb even as the economy slows. The consequence? Stagflation and a world grown increasingly bewildered at how self-important America has become, given the glaring weakness of our economics and our political and military posture.