September 09, 2006

FLASH: Housing meltdown over, housing bubble back on, fundamentals in the end do not matter, party on!

Posted by blogger at 9/09/2006

6 comments:

Anonymous said...

Given the choice between (A) a dead housing market and scorched-earth depression in the U.S and (B) a collapsing currency, which at least has the virtue of reducing the real cost of paying off all those Treasury bonds, I’m forced to believe the U.S. government will choose (B) and sacrifice the dollar." You can certainly see Doug has an opinion (which melds pretty well with my own)! If you haven't read Mr. Casey's columns before, go to www.caseyresearch.com for his full views on the world.

http://www.kitcocasey.com/displayArticle.php?id=934

September 09, 2006 9:11 AM
Anonymous said...

http://immobilienblasen
.blogspot.com/2006/09/
fineprint-kleinge
drucktes.html

check this out.

September 09, 2006 4:10 PM
Jip said...

Sounds right. The Powers that be want to make the Amero the supreme currency. This would be the PERFECT excuse.

September 09, 2006 8:17 PM
Jip said...

>>Government is purchasing its own debt, this is how they are able to keep the stockmarket up and long term rates at 6%<<

I didn't know that. Thought the debt was bought by China who sold it to Japan.

September 10, 2006 8:26 PM
Anonymous said...

I smell a "dead cat bounce" coming
as rates have dropped at bit (30 year closer to 6% rather than 7% in early August.) This will give
a few lucky flippers the chance to unload their overpriced particle board McMansions on some
schmucks (who will think they're getting a "bargain" since the price may have dropped 5-20% )

The slaughter should resume in Nov.
when rates start climbing again and the Christmas/New Years "dead zone" approaches.

September 10, 2006 9:39 PM
Anonymous said...

The dead cat bounce is important in that it separates the last moron from his money. We may have several, kind of like a reoccurring recovery deep cash extraction, just like the one I experienced in the wall street fueled rare coin market plunge of the early 90’s.

September 12, 2006 3:28 AM

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