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To: ambrose
By the end of the year, America's bubbling housing prices will likely flatten or pop, causing an economic slowdown, economists warned in a flurry of reports yesterday and today.

I think it's more likely that an economic slowdown will pop housing prices than the other way around.

But I could be wrong. :^)

88 posted on 06/21/2005 11:38:05 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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To: Toddsterpatriot

""I think it's more likely that an economic slowdown will pop housing prices than the other way around.

But I could be wrong. :^)""


youre actually 100% correct....there has never been a housing price decrease in the USA without a recession preceeding it.

In So Cal in the early 1990s, prices peaked in 1990-91, but the recession began in 1990.

A recession will pop the bubble, the popping bubble will reinforce the recession.


Bubbles dont pop on their own, they need some outside variable to do it


129 posted on 06/21/2005 4:21:07 PM PDT by atlanta67
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