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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (55253)	8/23/2006 1:37:13 PM
From: RealMuLan	Respond to of 116555

Yes, but that one case is a start. Don't worry, many more to come. Just like Troll brother said, No bottom seen yet<g>

To: valueminded who wrote (55253)	8/23/2006 2:36:00 PM
From: regli	Read Replies (1) \| Respond to of 116555

This says it all (from Roubini's blog): rgemonitor.com "As reported by the WSJ today: In his 40 years as a home builder, Mr. Toll says, he has never seen a slump unfold like the current one. "I've never seen a downturn in housing without a downturn in employment or... some macroeconomic nasty condition that took housing down along with other elements of the economy," he says. "This time, you've got low unemployment, you've got job creation, you've got a stable stock market and relatively low interest rates."