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

To: Cogito Ergo Sum who wrote (92838)	3/27/2008 6:47:54 PM
From: GST	Read Replies (2) \| Respond to of 110194

Exactly -- Americans are too broke to leave home these days -- and the dollar is a big reason.

To: Cogito Ergo Sum who wrote (92838)	3/27/2008 11:07:43 PM
From: Proud Deplorable	Respond to of 110194

Much of the strength of our industry depends in good measure from US visitors and their current economic woes do not bode well for '08. Or 2010 I suspect. Bear markets typically last about 7 years in homes don't they? In any case a bull market is born of total despair and I don't think we are there. The housing smash just started two years ago in the USA and I figure it has 5 more years to run. When real estate is a dirty word in a conversation then maybe its time. Meanwhile by 2010 the hype here in BC will have gone to a zero credibility state and home prices will be off 30% by then. It has to happen sure as the sun rises. The Olympics will be a bust as by then there will be wars all over the planet and the one in Iran maybe in full swing. Bad times ahead.