Replies to post #1792 on Your Economy (No Politics) (YE1)

[Bullwinkle]

Hi SteveO, nice find... Actually this scenario would play out towards what I and many others are expecting or looking for. Top in early '05 followed by a deep correction for a better part of the year. Kind of a repeat of this year, but more extreme...

[AD]

now that is not pretty, but it has been predicted by futurists for a while now, even John Templeton about a year ago, called for worse, a real deflating of real estate prices. We'll see in the next 1-3 yrs if he was right or just getting old and scurmudgeoney
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<<<<If, as expected, interest rates continue to rise, that could accelerate foreclosures, she said.

"Traditionally, 75 percent of the mortgages were fixed and 25 percent were floating, but I hear that last year that maybe 60 percent to 70 percent of the loans were floating," she said>>>