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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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I suspect that a weak stock and bond market is funneling $ into RE. Greenspan's large increase in the money supply the past 2yrs gives the banks plenty of liquidity to make these easy to get mortgages. If Greenspan raises the Fed Funds rate and lowers money supply to curtail inflation the $hit can easily hit the RE fan imo.
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