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

To: Broward Horne who wrote (80280)	3/23/2007 2:35:32 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 110194

RE:"James Grant and Ross Perot both had big short positions against Citibank and they both called the right shot but got burned by the Fed's actions." Anyone who shorts Real Estate related stocks runs the risk of government intervention. Especially now. The federal government is going to let 2,000,000 people be kicked out of their homes? Hummm.

To: Broward Horne who wrote (80280)	3/23/2007 2:41:28 PM
From: John Vosilla	Respond to of 110194

I remember it all too well from the institutional side and the personal side. Even reread Batra's 'Depression of 1990' from time to time. Commercial RE went through a depression the early 90's. First condo I even bought went down 40%. But by 1995 it was over and we were in recovery.. The real estate deals were incredible during the whole decade for those opportunistic.. Today things are really scary yet a lot more still are risk takers than during that time period when money and credit was tight.. Must be that cash is trash mentality of today..