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Token I completely agree with you. What shadow should have done is simply said something as random as what you just did and that would have carried so much more weight. Shadow in future please reply with random anecdotes, illogical statements and perhaps throw in some famous quotes that sound...

I know your joking but just so those out there that might think otherwise.. i am not suggesting a boom. I am just saying that we wont be living in a mad max era as Keen and others are suggesting.. hmm maybe you dont need Max :D

simple said and all correct. Sometimes people here look into everything with way too much detail and its refreshing to see a good post thats too the point. However regardless how correct you are shadow people will always hone in on a specific policy, data or some other micro issue and say...

Someone was proposing credit had a 90% correlation in the short term to price increases. I was simply highlighting the extreme case of 0 credit and its repercussion under such a proposition. I agree totally with you, my comment is absurd but its simply an extension of the absurdity being said...

or the lack off.. credit only effects demand and supply not replace its existences as implied by some.. if you need proof, imagine there was no credit at all.. 0.. zilch would that make the price of a house 0? Ive already commented on Keen enough so i wont anymore but really... demand...

Your sure? but how... that oh so convincing Keen has made me believe that its got something to do with planetary alignments? Rudds haircut.. and that Demand and Supply is so out of vogue... For every BOOMER that says things will never go down.. theres a GLOOMER that says it will never go up...

nice graph.. given these are "real" prices i would say thats a pretty good result.. given prices would have moved 0% overall. more importantly look at the US.. i would have though that would be higher. (honestly) I am surprised that the world prices where that good.

Shadow, good luck trying to get that point across. Most people (mostly the Keen support group) are transfixed with the simplistic position of "if it happened there it could happen here". I tried to argue that such factors as supply are clearly different between the countries in question, but...

low doc doesn't mean you have bad credit it only implies it hence the tag liar loan. Non-conforming means you have a known issue and don't conform to standard lending criteria... e.g. defaults on your CRA etc.

thanks for posting that report... puts graphs and figures on the situation. I burst out laughing reading the first paragraph though, wont say why but its good to see some economists still believe demand & supply still applies.. I have a repository of such reports which includes a report...