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

To: mishedlo who wrote (64745)	3/25/2007 10:08:54 PM
From: yard_man	Respond to of 116555

I am sure someone has already pointed this out -- but if not -- here goes. You missed a beautiful opportunity with your Tsunami analogy there ... in the open ocean, if you're in a boat -- a Tsunami can pass by you as a barely noticeable ripple. Even though it will have huge consequences when it reaches the shore, while it is in the deep water -- it appears to be rather benign -- it is only as it approaches shore that it's true destructive power becomes apparent. Subprime blowup is like that little fast moving ripple on the ocean -- the little ripple on the top is all you see (see the pundits say ignore, ignore -- nothing to worry about), but that hummer is moving very quickly toward the shore and it extends to the depths. Soo ... if you were thinking about moving inland, it's probably already too late for that ... [BTW -- this area is always slower to catch fire to trends, financial or otherwise -- it seems like lately, whenever I've been in shopping places or restaraunts around here, I keep hearing people talk about easy real estate deals or rental ideas for income -- I haven't got a tip from a shoeshine boy yet -- but I don't shine my shoes -- trying to think of the equivalent ... this gonna be ugly everywhere. How do I know -- somebody they interviewed on NBR said real estate problems are a local phenomena, but when pressed he said this one is affecting a few more locales than those he remembered in the past -- not to worry -- plenty of houses selling -- just a little price slippage -- probably just impact the builders for a little while <g>]