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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 (91333)	10/4/2007 1:41:36 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

I've noticed a sharp drop in credit card solicitations lately. No change in my credit. But nice to see less clutter in mailbox. i've noticed that as well....the decrease CC solicitations seemed to start last spring.... used to get several per week... chase seems to be the only one i'm getting still offering the 0% balance transfer interest rate (they've reduced the time frame down to 6 months)....the one that i got last january and actually opened was for 1 year zero interest from us bank also the number and duration of 0% interest television ads for the local furniture and electronics stores has dropped too

To: Smiling Bob who wrote (91333)	10/4/2007 3:35:51 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Deepest and most prolonged recession this country has ever seen. Very good chance' Need much higher rates IMHO. First we get the soft recession then much of what Mike Johnson expects down the road becomes more clear.. Another 1980-81 severe recession way down the road perhaps another decade once all the boomers have turned 55, rates are in double digits, the average house in California is above the 2005 highs again and gas is $10 a gallon Message 23939198