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Any of you guys worried about DEFLATION
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<blockquote data-quote="SRBeef" data-source="post: 768195" data-attributes="member: 7509"><p>Certain items such as housing in many over heated areas NEEDS to deflate back to more rational levels. The idea of paying 3/4 of a million dollars for a bungalow house in some areas is ludicrous given incomes. </p><p></p><p>While the folks betting on housing constantly increasing and rolling houses financed by interest-only mortgages or negative amortization mortgages don't want to see it, "deflation" to more realistic shelter-value based housing prices is a long term positive thing. Lenders making silly loans to people who can't afford them just so they can clear a quick commission selling them as derivatives just had to stop somewhere.</p><p></p><p>The inventory numbers quoted above and I believe certain areas of the cattle market (higher priced cuts) are more a function of the job market rather housing deflation. This shows up in the choice/select spread.</p><p></p><p>Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 768195, member: 7509"] Certain items such as housing in many over heated areas NEEDS to deflate back to more rational levels. The idea of paying 3/4 of a million dollars for a bungalow house in some areas is ludicrous given incomes. While the folks betting on housing constantly increasing and rolling houses financed by interest-only mortgages or negative amortization mortgages don't want to see it, "deflation" to more realistic shelter-value based housing prices is a long term positive thing. Lenders making silly loans to people who can't afford them just so they can clear a quick commission selling them as derivatives just had to stop somewhere. The inventory numbers quoted above and I believe certain areas of the cattle market (higher priced cuts) are more a function of the job market rather housing deflation. This shows up in the choice/select spread. Jim [/QUOTE]
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Any of you guys worried about DEFLATION
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