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

To: mishedlo who wrote (74171)11/16/2006 1:37:45 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
'Not so for the average joe sitting on a house that was worth $400,000 last year but only $250,000 this year.'

Average Joe? Get real. Most are so far ahead ahead of the game it ain't even funny. Perhaps in a couple of years that kind of percentage loss will be more common in many bubble markets but that still remains to be seen. More sensationalism Mish? Gets you a lot of air time I bet. Yes plug me in for the condo crash in Florida. That one for sure is going down 50%+ from the top.



To: mishedlo who wrote (74171)11/16/2006 11:04:14 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 110194
 
Ok then, why don't you provide us with some econometric modeling and tell us the exact implications falling home prices have on GDP?

I will then compare your predictions to the maligned Economist community.

Even if you don't have numbers, tell us the following:

At current interest rates will the recession you predict be

worse than 2000? worse than 1990?

And based on everything you write, it appears you expect it in 2007.


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