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


To: renovator who wrote (97784)12/19/2007 10:00:35 AM
From: ChanceIsRespond to of 306849
 
Agricultural bubble???

I hear that farmland prices have exploded - on ethanol???

Face it. Lots of brilliant people sold at the top of the tech bubble - probably jammed it into real estate - sold at the top of that bubble - and now are searching for or creating the next bubble area. The FED hasn't withdrawn any money from circulation. Those who sold at the top have to park it somewhere.

There could be some monetary contraction due to the Keysian multiplier. My gut is screaming that that has yet to kick in with earnest, although the big IB have collectively thrown about $50 billion in the furnace so far. A repeat graphic from a few day ago:



Inflation 1923-24: A German woman feeding a stove with currency notes, which burn longer than the amount of firewood they can buy.