« Debate Talk Clock | Main | Click-Throughs »
October 31, 2007
Today's Housing Bubble Post - The Fuse Is Now Lit
-- by Dave Johnson
This is really a housing bubble consequences post, but really they all are... With a 3.9% GDP report, the dollar at a record low, oil pushing $95 and various "regular people" costs rising at double-digit rates our Fed cut interest rates today. They are trying to put off the inevitable reckoning.
Mish's Global Economic Trend Analysis: Which Comes First: The Cart or the Horse?
The fuse is now lit. The structural imbalances worldwide have never been greater and the fuel at the end of the fuse is enormous. In addition, amount at risk increases every day.My wife is British, so we look at exchange rates. And we look at the price of oil. And food. We're losing a percent or so of our buying power each week.The interesting thing is that no one knows how long the fuse is. For some inexplicable reason everyone acts as if they can get out before the stick ignites. It's simply not possible.
Posted by Dave Johnson at October 31, 2007 11:14 AM
Trackback Pings
TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/3367
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
