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

To: bart13 who wrote (70604)	9/29/2006 2:34:16 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Not sure what to make of that monetary base spikes. But just because they printed does not mean anyone wanted it. I think it went into useless activities - building bridges to nowhere and possibly paying down bad bank loans. I do see that home prices did not fall until credit dropped below zero, and they stayed falling ever since (just went positive in some place last year and countrywide this year). They were falling 12 years. I suspect we will not go that long. Maybe 7 but 10 or more certainly is not impossible. Best guess (and that is all it is - is 6-7). I think Australia is in 3rd year of decline right now. No reason to think that is going to stop anytime soon either. Mish