Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (77864)	4/17/2008 2:17:02 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 116555

Things are real bad in the building industry. They've been really bad for quite some time. As a person who closely follows Canadian commodities, you already knew that lumber prices have collapsed - yet you acted as if they were rising rapidly. The credit bubble has created a huge glut of buildings which will far exceed actual demand for many, many years. Supply and demand. That's why home prices are riding the downslope. After Japan's credit bubble collapsed, real estate prices have declined for 17 consecutive years! Oh yes there were a few strong pockets for the first few years, but that didn't last long. .