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


To: GST who wrote (91201)2/3/2008 10:40:53 PM
From: glenn_a  Read Replies (4) | Respond to of 110194
 
GST.

((No. [The bursting housing bubble] has an inflationary impact.))

Please explain to me how the devaluing of the value of your house - for many people there most precious asset - is inflationary. That doesn't make any sense to me.

If the asset that represents a significant amount of one's saved wealth devalues, that hardly represents the basis for spending more. How do you figure this is inflationary?

TIA.

Glenn