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

To: Proud Deplorable who wrote (114497)12/23/2010 1:27:21 PM
From: John Vosilla1 Recommendation  Read Replies (1) | Respond to of 116555
 
Well we did have condos in Florida real life examples that went from $50k to $250k with high leverage and speculators in control that are now selling for cash $25k so 90% can happen given the right dynamics. Doubtful it will happen across the board especially in good built out single family home markets with diverse economies not totally tied to housing. Then the comments about JP Morgan's financial rape of innocent borrowers and the most likely strengthening of the US dollar as the end game as this unfolds...Very interesting thanks..



To: Proud Deplorable who wrote (114497)12/23/2010 2:21:54 PM
From: JBTFD  Respond to of 116555
 
From what I can glean her 90% number is based on a total freeze in new lending.
But I didn't hear an explanation of why banks would cut new lending to nothing.


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