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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (91326)	10/4/2007 12:05:07 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'The dollar and rates at historical lows provide nothing positive for the market or economy relative to the current state.' That is true from a logical perspective. However if housing in our few remaining frothy coastal bubble markets do finally crash here we'll be comparable to January 1993 when a Clinton was entering the Whitehouse, the dollar was dirt cheap and rates were low. Only huge differences would be our massive cumulative budget deficit and the global boom ongoing in so many areas. Mutual monetezation of the back end by our main trading partners in order to keep the dollar from sinking further could be the game for a long time to come.. Gotta be a major crash in here somewhere too probably due to currency issues, rising rates due to our huge deficits, the China bubble or the next terrorist attack from left field.. It should be obvious by now the housing smack down isn't gonna cause Armageddon in the global economy..