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


To: Tommaso who wrote (87656)10/13/2007 9:59:08 PM
From: GST  Read Replies (3) | Respond to of 110194
 
Imagine a really big tube of lipstick. Imagine a pig. Imagine a bunch of people in very expensive suits getting ready to put a lot of lipstick on the pig. But there is a problem. The pig is dead. The pig is rotting. It seems to me of little use to put a lot of lipstick on a dead pig. Now we will see if others will buy it.



To: Tommaso who wrote (87656)10/13/2007 10:25:17 PM
From: Giordano Bruno  Respond to of 110194
 
Remember the old days when 'Made In Japan' was a substandard connotation?
Look what we're making.



To: Tommaso who wrote (87656)10/14/2007 12:55:48 AM
From: arun gera  Respond to of 110194
 
What about the assumption by the markets that the collateral for US housing is what it is. If the average housing price falls by 20 percent ($40,000), the loss in the underlying value of the collateral is $40,000*150 million houses= 6 trillion dollars. Now you are talking real money.

-Arun



To: Tommaso who wrote (87656)10/15/2007 4:58:58 PM
From: andiron  Read Replies (1) | Respond to of 110194
 
ten mil? how

say 100 mil US household

we know usual was 65% homepwnership..added ~5% in the bubble era..
of course many have bought multiple properties..

so what is the worst case sceanrio here ..may be CR should compute that.