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The Global Housing Boom: In come the waves (a cautionary tale)
The Economist ^ | 06/16/2005

Posted on 09/21/2006 8:02:27 PM PDT by GodGunsGuts

click here to read article


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To: nopardons

I will, if you promise to stop posting to FR when gold hits $800.


81 posted on 09/21/2006 8:55:34 PM PDT by GodGunsGuts
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To: Mase

Brilliant post and great charts; as always.


82 posted on 09/21/2006 8:56:45 PM PDT by nopardons
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To: durasell
There are local real estate markets with inflated prices. There is no nationwide "bubble" worth the sturm und drang you hear from the goldbugs and blogpimps infesting FR, but all that weeping and rending of garments does help make the American public feel terrible about President Bush, all to make Nancy Pelosi first in line to be Commander-in-Chief.


And don't call me Nelly.

83 posted on 09/21/2006 8:57:16 PM PDT by Petronski (Living His life abundantly.)
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To: GodGunsGuts

Too clever by half, liar.


84 posted on 09/21/2006 8:57:45 PM PDT by Petronski (Living His life abundantly.)
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To: GodGunsGuts

Oh, and so you don't try to apply the "I'm rubber and you're glue" treatment to yet another post, let me clarify:


Your juvenile comment was too clever by half, and you are a liar.


85 posted on 09/21/2006 8:59:06 PM PDT by Petronski (Living His life abundantly.)
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To: GodGunsGuts
I'd take you up on that; however, I don't believe that you would honor the deal. You'd find a way to weasel out. But at least we have this discourse on record; so to speak.
86 posted on 09/21/2006 8:59:31 PM PDT by nopardons
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To: nopardons
You'd find a way to weasel out.

A gold bug? Say it ain't so!




By the way, did you know they prefer to be called Golden Eagles?

LOLOL

87 posted on 09/21/2006 9:00:29 PM PDT by Petronski (Living His life abundantly.)
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To: nopardons
If only they would wait in silence

If only......

Won't happen though because they need to sell someone else their gold before we see $50 a barrel oil, a strengthening dollar and fed rate cuts.

England, Australia and New Zealand all had soft landings in their real estate markets and as money left real estate it flowed into equities. Same thing is happening here. If a recession were on the way would stocks be rallying?

88 posted on 09/21/2006 9:01:33 PM PDT by Mase
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To: Petronski

Right, there are places where you can still buy a house for under $100,000. And there are no bubbles in these markets. However, the amount of money and jobs linked to places like Southern California, Florida and NYC is substantial and could impact the rest of the economy.

To the best of my knowledge, the President is not slipping into a century 21 blazer and sneaking out of the White House in disguise to sell homes in the latest McMansion development or saying things like, "They ain't making any more land..." in speeches.


89 posted on 09/21/2006 9:02:04 PM PDT by durasell (!)
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To: Petronski
"GOLDEN EAGLES"?????????????????????????????

They're bugs and they are going to have to live with that appellation; whether they like it or not.

90 posted on 09/21/2006 9:02:17 PM PDT by nopardons
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To: GodGunsGuts
The story is just as valid today as the day it was written.

Trouble is, you guys were selling this same story four years ago and since that time the value of my home has more than doubled. I think you need a new crystal ball.

91 posted on 09/21/2006 9:03:35 PM PDT by Mase
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To: durasell
To the best of my knowledge, the President is not slipping into a century 21 blazer and sneaking out of the White House in disguise to sell homes in the latest McMansion development or saying things like, "They ain't making any more land..." in speeches.

Silly and irrelevant.

Gloomwhoring is intended to suppress consumer confidence AND voter confidence.

92 posted on 09/21/2006 9:05:00 PM PDT by Petronski (Living His life abundantly.)
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To: Petronski
Fearmongering gloomwhoring blogpimpery.

I like this even better............and very appropriate for this OLD  gloomwhoring article.

93 posted on 09/21/2006 9:05:40 PM PDT by 1035rep
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To: Mase
Yes..........

Yes................

HELL YES....................

And no, the markets/stocks NEVER rise, as they are, in a recession; NEVER!

94 posted on 09/21/2006 9:05:53 PM PDT by nopardons
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To: Petronski

Gee, that hurts. A liar, has called me a liar.


95 posted on 09/21/2006 9:06:20 PM PDT by GodGunsGuts
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To: GodGunsGuts
A liar, has called me a liar.

You talking to yourself?

96 posted on 09/21/2006 9:07:11 PM PDT by Petronski (Living His life abundantly.)
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To: Petronski

Free market. You pays your money and takes your chances. However, it's very, very -- extraordinarily -- dangerous to link financial decisions to political loyalty, even if that loyalty is based on long held and carefully considered political opinions.

I've actually met people who think selling a stock short is unpatriotic. They're morons.


97 posted on 09/21/2006 9:09:38 PM PDT by durasell (!)
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To: nopardons

Talk about all talk no action!


98 posted on 09/21/2006 9:09:43 PM PDT by GodGunsGuts
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To: GodGunsGuts

Describing yourself..........finally?


99 posted on 09/21/2006 9:11:09 PM PDT by nopardons
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To: durasell
...dangerous to link financial decisions to political loyalty...

You're not getting it. The nationwide globe-stopping bubble is not just politically motivated, it's also false.

100 posted on 09/21/2006 9:11:28 PM PDT by Petronski (Living His life abundantly.)
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