From MISH - How far to the housing bottom

2 posts / 0 new
Last post
#1 Mon, Jun 20, 2011 - 7:37pm
Offline
-
So Cal, CA
Joined: Jun 14, 2011
1404
25125

From MISH - How far to the housing bottom

From MISH, who called the housing peak exactly, in real time. He is to be listened to on this topic.

https://globaleconomicanalysis.blogspot.com/2011/06/when-was-housing-pea...

This also helps explain the banks reluctance to release the shadow inventory into the market, as doing so would lower prices, further exacerbating the underwater mortgage problems. If banks had to realize losses, they would all fail. Hence, QE to eternity, and a crack up boom in PM prices.

Edited by: California Lawyer on Nov 8, 2014 - 5:27am

"To save yourself from all this that has happened and will continue to happen requires commitment and courage. You have it or you do not. Admit who you are and act accordingly." Jim Sinclair, December 18, 2012.

Support TFMR

Donate Buy Silver

randomness