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


To: Mike Johnston who wrote (74823)12/6/2006 2:15:38 AM
From: John Vosilla  Respond to of 110194
 
Lots of great questions no one can answer for sure. Seems the keys are long term interest rates remaining low while our financial institutions remain sound and willing to lend. Amazing how readily accessible credit remains even with the yield curve inverted and a housing bust underway. Remember how tight credit was back in 1991 with similar conditions?

One other key point is imagine what would happen to housing if long term interest rates went up to where they were at the start of the decade and unemployment rates ticked back up a couple of percent?