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


To: Pogeu Mahone who wrote (90179)1/6/2008 12:15:10 AM
From: sea_biscuit  Read Replies (1) | Respond to of 110194
 
Maybe so. But RE still has a long way to fall. And if the Fed is successful in reflating the economy, house prices might stay more or less flat even as inflation rages. So, an 800K house that can sell for 1000 ounces of gold today will sell at 700K a few years from now but that will take only 200 or 300 ounces of gold then.