Also, in the US market, don't you also have a unique situation now with very loose lending standards. Of course, that is not necessarily new. My mother's cousin ran one of the larger S&L operations in California during the 60s. After he died, another relative told me that one of his employees had lent huge amounts on a large number of brothels in SF.
-- Michael Perelman
I am sure everybody will be thrilled to hear that I finally closed on my house upstate. Some kind of shenanigans was going on, however. Sold it to a Christian named Donald Marshall, but a Hasidic Jew is moving in. If the real estate bubble bursts in 2 years, maybe I'll pick up a townhouse on the cheap. Nahhh.
- Fwd: Today's GAO Reports - June 16, 2005, Autoplectic Fri 17 Jun 2005, 00:11 GMT
- advice for Martin Feldstein, Jim Devine Thu 16 Jun 2005, 22:42 GMT
- Daniel's interest rate predictor, Michael Perelman Thu 16 Jun 2005, 22:24 GMT
- Re: Daniel's interest rate predictor, Jim Devine Thu 16 Jun 2005, 22:28 GMT
- Re: Daniel's interest rate predictor, Louis Proyect Thu 16 Jun 2005, 22:54 GMT
- Re: Daniel's interest rate predictor, Jim Devine Thu 16 Jun 2005, 22:57 GMT
- Re: Daniel's interest rate predictor, tom walker Fri 17 Jun 2005, 00:53 GMT
- Re: Daniel's interest rate predictor, Jim Devine Fri 17 Jun 2005, 00:55 GMT
- Re: Daniel's interest rate predictor, Daniel Davies Fri 17 Jun 2005, 20:42 GMT