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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (224594)10/13/2009 11:28:10 AM
From: DebtBombRespond to of 306849
 
I like it....thanks....my hat's off to mish. Worse yet this time, IMO, this is all printing.



To: CalculatedRisk who wrote (224594)10/14/2009 12:35:32 AM
From: John VosillaRespond to of 306849
 
Everyone missed crucial pieces of this downturn. So many couldn't see even a recession or drop in housing prices back in early 2007. Others thought DOW was going to 1k this year after permabulls watched their individual stocks go down 80-90%. Some expected raging inflation to kick in by now to bail them out. Cash is king deflationists gained little in recent years even if more right than any but watch their purchasing power continue to erode with no plan of attack if deflation is not the end game that will make them the biggest losers long term. Now the reset button has been set and assets have nothing to show the past decade. The entire RE community and banking sector have been decimated,demand from new homes and autos will be way below trend for many years.. It is those who take advantage of this current down cycle the next few years that come out smelling like a rose even if this is an 'L' recovery with cheap cost of capital near term. Moral of the story is don't depend on economists<g>



To: CalculatedRisk who wrote (224594)10/14/2009 4:56:16 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
CR, what do you think of ECRI's current bullish stance? can you find a justification for their views, to the extent that they put any meat on their handwaving?

they claim to have turned hyperbullish the very week the stock market bottomed (or began rising). what a coincidence! i'm sure the stock market is not an important index to their secret sauce.