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

To: posthumousone who wrote (259888)	7/11/2010 7:35:26 PM
From: yard_man	Respond to of 306849

me either -- Noland seemed non-committal. Seems like he is saying trouble is brewing that is not apt to erupt soon -- but the time of the eruption may not be predictable. All I got was "watch the muni market for more clues" ... calm before the storm like before with the RE bubble. At least he is right about this, imo, government debt has to be the next bubble and the market's first guess is usually wrong (i.e. flight to US treasuries). This syncs well with what was recently on acting-man re stress tests and oddly enough -- a fleckenstein interview piece I just watched where he tried to posit that the markets had lost their ability to act as a "discounting mechanism." Revenue projections for this state keep being revised downward and tax refund checks had to be delayed for a portion owed refunds -- yeah, yeah -- that's bullish <G>