Get ready for more Deflation .. predicted by Market Oracle
Of course all of this post-bubble stuff has been utterly predictable, including our Fed and Treasury's preposterous attempts to beat back asset and credit deflation with a broken popgun. We know that because we predicted it.
Our first Real Estate/Credit Bubble/Asset Deflation (call it whatever you want) article hit the racks one month before the statistical peak in the housing market (May of 2005) and our calls since then have been on point enough that we now have a wonderful, loyal (and fairly modest) contingent of readers who write in and bug me when I get busy and don't offer another update.
I'm writing one for publication in a week or two that will offer a bit more perspective, but for now I'm sitting at a piano bar -- vodka martini "up" with a couple of olives to the side -- and I just got a request. .....
