Zeev's Turnips Patch-No Politics (ZEEV)

[porter]

Wow, what a lenthy treatise. I'm winded reading it.<g>
Do you want to whisper in his ear that "correlation does NOT mean causation." And then there is the small issue of "scarcity" in real estate.

Five years ago I remember my wife looking at a kitchen and announcing: "This is perfect, honey, but can we hedge it."
I responded: "Granite and three standard deviations from the mean overwhelm me!"
I believe the granite won out.

A 25-30% drop in R.E. isn't the issue. The issue is from where will the decline begin? And what happens when the dollar soon begins to rise and catches everyone off-guard? How does one factor that in.

As an aside:

We are in Wave 5 of Super Cycle 3.

To quote Prechter: "Why this cycle is so stretched and slow I do not know."
Translation: "Why aren't we in a crash phase?"
Answer: His count is incorrect. Period.

Question: Ask your friend if the ultimate answer lies in the second derivative of money growth? He's a quant, no?

G'nite.