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

To: LTK007 who wrote (241421)	3/18/2010 2:33:39 PM
From: pstuartb	Respond to of 306849

The stock market will signal when The Fed has lost its power. Thanks for the response, Max. I know Fleck and Todd Harrison have been making similar arguments for quite a while - the next crisis will involve a crisis of confidence in the full faith and credit of the US. From TH a few months ago: "I caught up with my good friend Bill Fleckenstein for a schnitzel in Maui and we talked about his view (the same one we shared a few months ago). “We’ve already seen the crash,” he said, “As long as the government has a printing press; the next question becomes the full faith and credit of the United States.” He picked up a dollar bill and a twenty and said, “These are both pieces of paper, yet we’re conditioned to believe one is worth twenty times more than the other. There will come a point when that perception comes into question.” " minyanville.com