From MISH - How far to the housing bottom

2 posts / 0 new
Last post
California Lawyer
California Lawyer's picture
Offline
Joined: 06/14/2011
Hat Tips: 22065
Posts: 1204
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.

http://globaleconomicanalysis.blogspot.com/2011/06/when-was-housing-peak-and-how-far-to.html

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 admin on 11/08/2014 - 05:27

__________________

"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.

Dr Durden
Dr Durden's picture
Offline
Joined: 06/14/2011
Hat Tips: 5371
Posts: 730
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

__________________

Got GIABO?

"It's called the American dream, because you have to be asleep to believe it." ~George Carlin

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Topic locked
Syndicate contentComments for "From MISH - How far to the housing bottom"