From MISH - How far to the housing bottom

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#1 Mon, Jun 20, 2011 - 7:37pm
So Cal, CA
Joined: Jun 14, 2011

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.

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.
Mon, Jun 20, 2011 - 8:15pm
Dr Durden
Twin Cities, MN
Joined: Jun 14, 2011

The same Mish that recently

The same Mish that recently said "hyperinflation is nonsense. the Fed would never hyperinflate the money supply."

Guess I'll stick with Reggie Middelton on calling the housing scene from the wide selection of bloggers who are all competing with each other to officially "call it."

Sorry, the shit just gets old after awhile. And Mish might be a smart guy, but he looks like the kind of kid that got his ass kicked during recess everyday. Perhaps this is why. /rant

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