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


To: SouthFloridaGuy who wrote (98103)12/21/2007 12:22:14 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
on the monetary policy rendering ineffective, the same was true in the early 90s and late 80s with the Japanese economy dictating what happened here in terms of inflation etc. Only in the 90s when we took back the world economy did the fed dominate so completely but before that, there was a feeling that it didn't matter what the fed did and we were hostage to whatever. thats what it feels like now.



To: SouthFloridaGuy who wrote (98103)12/21/2007 12:42:26 PM
From: John VosillaRead Replies (3) | Respond to of 306849
 
'Bear, Morgan - these are the first quarterly losses in the HISTORY of these firms. So by definition history is being made.'

Well if the New Yawkers had been reading this board they'd have known how much Florida real estate had crashed and how devestating the losses were going to be for holders of secured paper with their hands in the cookie jar..remember how even you doubted actual drops down here not too long ago thinking it was just isolated? I guess the memo finally got disbursed to the ivory tower in both DC and on Wall Street and incredible percentage drops in most if not all bubble markets is now the future much beyond rosy figures by the NAR pimps