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

To: ggersh who wrote (95899)	7/30/2008 12:58:09 AM
From: John Vosilla	Read Replies (3) \| Respond to of 110194

<<something akin to being in the middle of the Depression and the 1970'>> Hyperinflationary depression well underway in FL.. Homes down 70% and lot values 90% in the worst hit areas while costs of living rising at double digits for most things you need.. Still while it feels probably like the 1930's for the RE industry now as it did for tech early this decade it certainly isn't for the real economy..unemployment is hardly where it was back then..not even close.. We still debate whether we are in recession today but I say it is more because of how we measure the CPI. We could possible grow nominal GDP coming out of this current funk at double digits but most folks will still feel like it is a recession..yes the 70's trend will take the mantle and run with it..