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


To: RealMuLan who wrote (69547)9/26/2007 5:04:19 PM
From: RealMuLan  Read Replies (2) | Respond to of 116555
 
Traders Betting on Home Price Declines
By ALAN ZIBEL 09.26.07, 4:24 PM ET

WASHINGTON - U.S. home prices have fallen further since mid-2006 than during the 1990-91 recession and professional traders bet they'll plunge up to 10 percent more the next year.

If the speculative traders making big-money bets on where housing prices are headed are right, the question is not whether a U.S. recession is ahead but when it will start.
forbes.com