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Originally Posted by moncton golden flames
then it's a good thing i'm talking about the housing bubble and not the stock market. admittedly, i thought he was on crack when he mentioned he was bullish on the stock market.
he is not the only one to talk about the next wave of the bubble. i've looked at spreadsheets directly off of government websites, that shows the dollar figure amounts involved with those 2 types of mortages. if you understand what these types of mortgages are and how they were used, i think you'll see the housing related (not stock market) issues to come.
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I see your point here, but all I'm saying is that just because he called the bubble last time around doesn't mean that this prediction is correct. I think that there is a fair amount of fear of a housing bubble because this is still fresh in the minds of people. Only time will tell, but if a lot of the issues were purged from the system in the last year then we aren't in as bad a situation as some might imply.