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

To: mishedlo who wrote (80630)6/25/2008 10:35:24 PM
From: SouthFloridaGuy  Read Replies (2) | Respond to of 116555
 
Mish, your comments?:

Year over Year inventory is shrinking in areas of California (i.e. Sacramento) where prices have been obliterated in the past 2-3 years.

As inventories grew in 2004-2005 while prices climbed, this was oft cited by the housing bears as precursor to collapse.

Inventory declines being the case, don't you think that the parts of California and Florida which have been smashed have bottomed?

How much lower can it go?


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