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

To: John Vosilla who wrote (88021)	10/27/2007 12:22:21 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

IMO housing does not have to recover for massive stagflationary bust to occur. Housing can be mired for years in a recession as prices stay elevated too high in nominal terms due to a government policy of propping up house prices, causing them to be unaffordable for the middle class and taxes and heating bills rise to the point that many will not be able to maintain their houses. The pain and dislocation that is coming will be breathtaking, in response to a breathtakingly fraudulent and pervert monetary policies and socialism. The poor will sink further into poverty but they do not have much to lose, but most of the middle class will be wiped out.